20 Feb 2015
GBP/USD subdued around 1.5340
FXStreet (Edinburgh) - The buying interest around the sterling remains subdued on Friday, with GBP/USD now hovering over the 1.5340 area.
GBP/USD softer on data, USD
A continuation of the USD strength keeps weighing on the risk-associated assets at the end of the week. In the same direction, less auspicious results from the UK retail sales during January prompted the pair to erode part of the recent spike to the 1.5460/80 band amidst a generalized selling mood.
In the meantime, headlines from Greece and the imminent Eurogroup meeting will set the pace in the sentiment in the very near term.
GBP/USD key levels
The pair is now retreating 0.28% at 1.5368 and a breach of 1.5343 (low Feb.18) would expose 1.5317 (low Feb.17) and then 1.5300 (psychological level). On the other hand the next resistance lies at 1.5480 (high Feb.18) ahead of 1.5481 (23.6% of 1.7192-1.4952) and then 1.5519 (cloud top).
GBP/USD softer on data, USD
A continuation of the USD strength keeps weighing on the risk-associated assets at the end of the week. In the same direction, less auspicious results from the UK retail sales during January prompted the pair to erode part of the recent spike to the 1.5460/80 band amidst a generalized selling mood.
In the meantime, headlines from Greece and the imminent Eurogroup meeting will set the pace in the sentiment in the very near term.
GBP/USD key levels
The pair is now retreating 0.28% at 1.5368 and a breach of 1.5343 (low Feb.18) would expose 1.5317 (low Feb.17) and then 1.5300 (psychological level). On the other hand the next resistance lies at 1.5480 (high Feb.18) ahead of 1.5481 (23.6% of 1.7192-1.4952) and then 1.5519 (cloud top).