16 Feb 2015
GBP/USD breaches 1.5400
FXStreet (Edinburgh) - The sterling is now dropping to 2-day lows vs. the US dollar, with GBP/USD challenging the 1.5380 zone.
GBP/USD back from 1.5440
The current GBP rally was rejected around the 1.5440 area during the European morning, quickly losing more than 60 pips amidst a resurgence of the bid tone around the greenback.
Empty docket in the UK economy today will prompt investors to look for catalysts for the risk appetite in the Eurogroup-Greece meeting, ahead of the key UK CPI results due on Tuesday.
GBP/USD key levels
At the moment the pair is losing 0.19% at 1.5362 with the immediate support at 1.5300 (psychological level) ahead of 1.5286 (10-d MA) and finally 1.5257 (40-d MA). On the upside, a surpass of 1.5481 (23.6% of 1.7192-1.4952) would aim for 1.5486 (low Dec.23) and then 1.5500 (psychological level).
GBP/USD back from 1.5440
The current GBP rally was rejected around the 1.5440 area during the European morning, quickly losing more than 60 pips amidst a resurgence of the bid tone around the greenback.
Empty docket in the UK economy today will prompt investors to look for catalysts for the risk appetite in the Eurogroup-Greece meeting, ahead of the key UK CPI results due on Tuesday.
GBP/USD key levels
At the moment the pair is losing 0.19% at 1.5362 with the immediate support at 1.5300 (psychological level) ahead of 1.5286 (10-d MA) and finally 1.5257 (40-d MA). On the upside, a surpass of 1.5481 (23.6% of 1.7192-1.4952) would aim for 1.5486 (low Dec.23) and then 1.5500 (psychological level).