12 Aug 2015
GBP/USD extends gains above 1.5600
FXStreet (Córdoba) - GBP/USD has pushed to fresh highs above 1.5600 early in the New York session as US traders join in to find out China weakened the yuan again on Wednesday.
GBP/USD managed to rise past yesterday’s highs and climbed to a 6-day peak of 1.5629 as the greenback falls across the board. At time of writing, GBP/USD is trading at 1.5612, recording a 0.29% gain on the day.
Earlier, UK reported unemployment rate stood unchanged at 5.6% in June, while average weekly earnings excluding bonus were unchanged at 2.8%YoY. The US calendar is pretty light, with JOLTS jobs opening due at 14:00 GMT (5.300M exp).
GBP/USD levels to watch
In terms of technical levels, GBP/USD could find next resistances at 1.5629 (Aug 12 high), 1.5650 (Aug 5 high) and 1.5700 (psychological level). On the other hand, supports are seen at 1.5533 (Aug 12 low), 1.5500 (psychological level) and 1.5457 (Aug 10 low).
GBP/USD managed to rise past yesterday’s highs and climbed to a 6-day peak of 1.5629 as the greenback falls across the board. At time of writing, GBP/USD is trading at 1.5612, recording a 0.29% gain on the day.
Earlier, UK reported unemployment rate stood unchanged at 5.6% in June, while average weekly earnings excluding bonus were unchanged at 2.8%YoY. The US calendar is pretty light, with JOLTS jobs opening due at 14:00 GMT (5.300M exp).
GBP/USD levels to watch
In terms of technical levels, GBP/USD could find next resistances at 1.5629 (Aug 12 high), 1.5650 (Aug 5 high) and 1.5700 (psychological level). On the other hand, supports are seen at 1.5533 (Aug 12 low), 1.5500 (psychological level) and 1.5457 (Aug 10 low).