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10 Sep 2015
GBP/USD stays around 1.5400 after US data
FXStreet (Córdoba) - GBP/USD has already retraced BoE-inspired gains and is trading back below the 1.5400 level, with the latest series of US data having little impact on the pair.
US initial jobless claims dropped by 6,000 to 275,000 in the week ending Sep 4, matching analysts’ consensus. Meanwhile, separated data showed export and import prices fell much more than expected in August, with import price index falling 1.8% in August and 11.4% YoY.
The dollar remained mainly steady following the data, with GBP/USD barely reacting. At time of writing, GBP/USD is trading at 1.5393, still 0.17% above its opening price, but having pulled back from a peak of 1.5447.
GBP/USD levels to watch
On the upside, Cable could find next resistances at 1.5447 (Sep 10 high), 1.5507/12 (Aug 27 high/100-day SMA) and 1.5560 (Aug 18 low). On the downside, supports are seen at 1.5337 (Sep 10 low), 1.5318 (10-day SMA) and 1.5300 (psychological level).
US initial jobless claims dropped by 6,000 to 275,000 in the week ending Sep 4, matching analysts’ consensus. Meanwhile, separated data showed export and import prices fell much more than expected in August, with import price index falling 1.8% in August and 11.4% YoY.
The dollar remained mainly steady following the data, with GBP/USD barely reacting. At time of writing, GBP/USD is trading at 1.5393, still 0.17% above its opening price, but having pulled back from a peak of 1.5447.
GBP/USD levels to watch
On the upside, Cable could find next resistances at 1.5447 (Sep 10 high), 1.5507/12 (Aug 27 high/100-day SMA) and 1.5560 (Aug 18 low). On the downside, supports are seen at 1.5337 (Sep 10 low), 1.5318 (10-day SMA) and 1.5300 (psychological level).