19 Feb 2015
GBP/USD consolidates above 1.5400
FXStreet (Edinburgh) - The sterling continues to cement the recent break above the 1.5400 handle, taking GBP/USD to the mid-1.5400s.
GBP/USD bolstered by risk
The pair is extending its upbeat momentum on Thursday, following the rest of the risk-associated assets after the dovish tone from the FOMC minutes on Wednesday keeps weighing on the greenback.
There will be no data releases today in the UK economy, shifting all the attention to the US calendar: Initial Claims, CB Leading Indicator and the Philly Fed Manufacturing Survey.
GBP/USD key levels
The pair is now advancing 0.11% at 1.5461 with the next resistance at 1.5486 (low Dec.23) ahead of 1.5500 (psychological level). On the flip side, a breach of 1.5317 (low Feb.17) would aim for 1.5312 (10-d MA) and finally 1.5210 (low Feb.12).
GBP/USD bolstered by risk
The pair is extending its upbeat momentum on Thursday, following the rest of the risk-associated assets after the dovish tone from the FOMC minutes on Wednesday keeps weighing on the greenback.
There will be no data releases today in the UK economy, shifting all the attention to the US calendar: Initial Claims, CB Leading Indicator and the Philly Fed Manufacturing Survey.
GBP/USD key levels
The pair is now advancing 0.11% at 1.5461 with the next resistance at 1.5486 (low Dec.23) ahead of 1.5500 (psychological level). On the flip side, a breach of 1.5317 (low Feb.17) would aim for 1.5312 (10-d MA) and finally 1.5210 (low Feb.12).