1 May 2014
GBP/USD lost the 1.6900 level
FXStreet (San Francisco) - The GBP/USD reacted to the downside following a set of mix economic data in the United States. The pair extended declines from 1.6923 to break down the 1.6900 level and to trade at 1.6880.
Currently, GBP/USD is trading at 1.6888, up 0.09% on the day, having posted a daily high at 1.6923 and low at 1.6869. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
US personal spending rose 0.9% in March, biggest increase since Feb 2012; Personal income rose 0.5%, highest since Sept 2013. On the other side, initial jobless claims rose to 344K in April 25 week; above expectations.
GBP/USD levels
Valeria Bednarik from FXStreet affirms that “gains beyond 1.6920 should lead to an advance up to 1.6960 price zone, followed then by mentioned 1.7000 figure. Above this last, 1.7040 August 2009 monthly high comes next”.
On the downside, 1.6880, 1.6865 and 1.6850.
Currently, GBP/USD is trading at 1.6888, up 0.09% on the day, having posted a daily high at 1.6923 and low at 1.6869. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
US personal spending rose 0.9% in March, biggest increase since Feb 2012; Personal income rose 0.5%, highest since Sept 2013. On the other side, initial jobless claims rose to 344K in April 25 week; above expectations.
GBP/USD levels
Valeria Bednarik from FXStreet affirms that “gains beyond 1.6920 should lead to an advance up to 1.6960 price zone, followed then by mentioned 1.7000 figure. Above this last, 1.7040 August 2009 monthly high comes next”.
On the downside, 1.6880, 1.6865 and 1.6850.