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26 Jan 2015
GBP/USD advances beyond 1.5000
FXStreet (Edinburgh) - The sterling is now following the generalized rebound in the riskier assets before the European open, with GBP/USD regaining the 1.5020/25 band.
GBP/USD back from 1.4950
After bottoming out in fresh lows around the mid-1.4900s on Friday, the pair managed to pick up pace and retake the psychological mark at 1.5000. In a context where the greenback seems to be taking a breather after an initial spike, spot keeps the positive mood while markets continue to digest the recent results in the Greek elections.
Ahead in the session, Mortgage Approvals tracked by BBA will precede tomorrow’s more relevant GDP figures for the fourth quarter.
GBP/USD key levels
At the moment the pair is up 0.12% at 1.5018 with the next resistance at 1.5037 (high Jan.23) followed by 1.5059 (hourly high Jan.22) and finally 1.5117 (10-d MA). On he flip side, a breakdown of 1.4952 (low Jan.23) would aim for 1.4900 (psychological level) and then 1.4845 (low Jul.10 2013).
GBP/USD back from 1.4950
After bottoming out in fresh lows around the mid-1.4900s on Friday, the pair managed to pick up pace and retake the psychological mark at 1.5000. In a context where the greenback seems to be taking a breather after an initial spike, spot keeps the positive mood while markets continue to digest the recent results in the Greek elections.
Ahead in the session, Mortgage Approvals tracked by BBA will precede tomorrow’s more relevant GDP figures for the fourth quarter.
GBP/USD key levels
At the moment the pair is up 0.12% at 1.5018 with the next resistance at 1.5037 (high Jan.23) followed by 1.5059 (hourly high Jan.22) and finally 1.5117 (10-d MA). On he flip side, a breakdown of 1.4952 (low Jan.23) would aim for 1.4900 (psychological level) and then 1.4845 (low Jul.10 2013).