9 Jun 2015
GBP/USD regains 1.5300 on UK trade balance
FXStreet (Edinburgh) - The sterling has managed to retake the 1.5300 handle vs. the US dollar on Tuesday, with GBP/USD now hovering over the 1.5310 area.
GBP/USD looks to rebound on data
The pair is trying to put further distance from session lows after the UK trade deficit shrunk to £8.56 billion during April from March’s £10.70 billion. The figures came in above forecasts for a £9.9 billion deficit.
Further data saw the Non-EU trade deficit decreasing to £2.09 billion vs. £3.0 billion anticipated and £3.43 billion previous.
GBP/USD relevant levels
At the moment the pair is down 0.27% at 1.5306 with the immediate support at 1.5272 (low Jun.9) followed by 1.5221 (low Jun.8) and then 1.5191 (low Jun.5). On the upside, a breakout of 1.5376 (high Jun.9) would aim for 1.5441 (high Jun.4) and finally 1.5452 (Kijun Sen).
GBP/USD looks to rebound on data
The pair is trying to put further distance from session lows after the UK trade deficit shrunk to £8.56 billion during April from March’s £10.70 billion. The figures came in above forecasts for a £9.9 billion deficit.
Further data saw the Non-EU trade deficit decreasing to £2.09 billion vs. £3.0 billion anticipated and £3.43 billion previous.
GBP/USD relevant levels
At the moment the pair is down 0.27% at 1.5306 with the immediate support at 1.5272 (low Jun.9) followed by 1.5221 (low Jun.8) and then 1.5191 (low Jun.5). On the upside, a breakout of 1.5376 (high Jun.9) would aim for 1.5441 (high Jun.4) and finally 1.5452 (Kijun Sen).