10 Mar 2015
GBP/USD consolidating below 1.5100
FXStreet (Edinburgh) - The sterling is following the rest of the risk-associated assets on Tuesday, dragging GBP/USD to the area of 1.5085/80 so far.
GBP/USD suffers the USD strength
Despite the current correction lower, the pair remains off lows post-Payrolls on Friday, when it bottomed out in the 1.5030 region. The lack of catalysts for the pound in the very near term will leave spot to the mercy of the USD-dynamics and fireworks coming from developments in Greece.
There are no scheduled events in the UK economy today, with Industrial and manufacturing Production due tomorrow and the trade balance results out on Thursday.
GBP/USD levels to watch
At the moment the pair is down 0.20% at 1.5096 with the next support at 1.5025 (low Mar.9) ahead of 1.4988 (low Feb.3) and finally 1.4952 (low Jan.23). On the other hand a breakout of 1.5138 (high Mar.9) would open the door to 1.5150 (23.6% of 1.5554-1.5025) and then 1.5187 (daily cloud base).
GBP/USD suffers the USD strength
Despite the current correction lower, the pair remains off lows post-Payrolls on Friday, when it bottomed out in the 1.5030 region. The lack of catalysts for the pound in the very near term will leave spot to the mercy of the USD-dynamics and fireworks coming from developments in Greece.
There are no scheduled events in the UK economy today, with Industrial and manufacturing Production due tomorrow and the trade balance results out on Thursday.
GBP/USD levels to watch
At the moment the pair is down 0.20% at 1.5096 with the next support at 1.5025 (low Mar.9) ahead of 1.4988 (low Feb.3) and finally 1.4952 (low Jan.23). On the other hand a breakout of 1.5138 (high Mar.9) would open the door to 1.5150 (23.6% of 1.5554-1.5025) and then 1.5187 (daily cloud base).