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17 Apr 2015
GBP/USD firmer, eyes on 1.5050
FXStreet (Edinburgh) - The sterling keeps pushing higher on Friday, sending GBP/USD to multi-year week near 1.5050.
GBP/USD back above 1.5000
The pair has returned to levels above the psychological handle at 1.5000 for the first time since mid-March, this time bolstered by the positive releases in the UK labour market during the last month.
The offered trend in the US dollar has been also collaborating in the pair’s upside, which has been extending since the start of the week.
GBP/USD relevant levels
At the moment the pair is advancing 0.70% at 1.5038 with the next resistance at 1.5061 (50% of 1.5554-1.4567) followed by 1.5067 (55-d MA) and then 1.5155 (high Mar.18). On the flip side, a breakdown of 1.4917 (low Apr.17) would target 1.4861 (Kijun Sen) en route to 1.4813 (low Apr.16).
GBP/USD back above 1.5000
The pair has returned to levels above the psychological handle at 1.5000 for the first time since mid-March, this time bolstered by the positive releases in the UK labour market during the last month.
The offered trend in the US dollar has been also collaborating in the pair’s upside, which has been extending since the start of the week.
GBP/USD relevant levels
At the moment the pair is advancing 0.70% at 1.5038 with the next resistance at 1.5061 (50% of 1.5554-1.4567) followed by 1.5067 (55-d MA) and then 1.5155 (high Mar.18). On the flip side, a breakdown of 1.4917 (low Apr.17) would target 1.4861 (Kijun Sen) en route to 1.4813 (low Apr.16).