30 Mar 2015
GBP/USD recovers to 1.4860
FXStreet (Edinburgh) - After bottoming in the area of 1.4800 the figure, GBP/USD is now extending its recovery to the 1.4855/60 band.
GBP/USD indifferent to UK data
The pair practically posted no reaction following today’s releases in the UK economy: Mortgage Approvals came in at 61.76K during February vs. 62K expected, M4 Money supply contracted at an annual pace of 3.2% and Consumer Credit shrunk to £0.74 billion vs. £0.90 billion forecasted.
The pair remains in the red territory as the US dollar keeps the buying interest intact, although it managed to at least bounce off intraday lows.
GBP/USD levels to watch
The pair is down 0.22% at 1.4853 with the immediate support at 1.4799 (low Mar.27) ahead of 1.4689 (low Mar.19) and then 1.4635 957-month low Mar.18). On the other hand, a break above 1.4995 (high Mar.26) would target 1.5008 (high Mar.19) and finally 1.5155 (high Mar.18).
GBP/USD indifferent to UK data
The pair practically posted no reaction following today’s releases in the UK economy: Mortgage Approvals came in at 61.76K during February vs. 62K expected, M4 Money supply contracted at an annual pace of 3.2% and Consumer Credit shrunk to £0.74 billion vs. £0.90 billion forecasted.
The pair remains in the red territory as the US dollar keeps the buying interest intact, although it managed to at least bounce off intraday lows.
GBP/USD levels to watch
The pair is down 0.22% at 1.4853 with the immediate support at 1.4799 (low Mar.27) ahead of 1.4689 (low Mar.19) and then 1.4635 957-month low Mar.18). On the other hand, a break above 1.4995 (high Mar.26) would target 1.5008 (high Mar.19) and finally 1.5155 (high Mar.18).