27 Jun 2013
GBP/USD resumes the downside
FXstreet.com (London) - GBP/USD was mixed on the release on a set of benign US data printing pretty much in line with expectations.
GBP/USD mixed on data
Personal Income was slightly up 0.5% vrs 0.2% expectations and 0.1% previous while Initial Jobless Claims for the week 346k vrs 345k expected and Continuing Claims were coming in worse by 15,000. Karen Jones, analyst at Commerzbank, said that GBP/USD has sold off to the top of its cloud and said they target the support line at 1.5073. The base of the daily cloud at 1.5218 may offer support en route.
GBP/USD mixed on data
Personal Income was slightly up 0.5% vrs 0.2% expectations and 0.1% previous while Initial Jobless Claims for the week 346k vrs 345k expected and Continuing Claims were coming in worse by 15,000. Karen Jones, analyst at Commerzbank, said that GBP/USD has sold off to the top of its cloud and said they target the support line at 1.5073. The base of the daily cloud at 1.5218 may offer support en route.