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14 Aug 2015
GBP/USD advances beyond 1.5600
FXStreet (Edinburgh) - The bid tone is now gathering pace around the sterling on Friday, with GBP/USD advancing to session tops near 1.5630.
GBP/USD rebounds from 1.5590
The pair is extending its consolidative pattern at the end of the week, navigating the upper band of the weekly range in the low-1.5600s and coming down from recent tops in the critical resistance at 1.5650.
Next of relevance in the pair will come from the US docket, where Producer Prices, the Reuters/Michigan index and Industrial Production area all due later.
GBP/USD key levels
At the moment the pair is up 0.06% at 1.5619 with the next resistance at 1.5660 (high Aug.12) ahead of 1.5678 (high Jul.31) and then 1.5690 (high Jul.29). On the other hand, a breach of 1.5573 (low Aug.13) would expose 1.5536 (low Aug.12) and finally 1.5458 (low Aug.10).
GBP/USD rebounds from 1.5590
The pair is extending its consolidative pattern at the end of the week, navigating the upper band of the weekly range in the low-1.5600s and coming down from recent tops in the critical resistance at 1.5650.
Next of relevance in the pair will come from the US docket, where Producer Prices, the Reuters/Michigan index and Industrial Production area all due later.
GBP/USD key levels
At the moment the pair is up 0.06% at 1.5619 with the next resistance at 1.5660 (high Aug.12) ahead of 1.5678 (high Jul.31) and then 1.5690 (high Jul.29). On the other hand, a breach of 1.5573 (low Aug.13) would expose 1.5536 (low Aug.12) and finally 1.5458 (low Aug.10).