18 Feb 2015
GBP/USD hits fresh highs above 1.5440
FXStreet (Córdoba) - GBP/USD managed to post a fresh 6-week during the American session, extending post-UK employment data gains above 1.5440, as markets await the FOMC minutes.
The pound remains among the best performers on Wednesday after encouraging UK employment and wage figures were released. Following a consolidation phase, Cable managed to stretch to a fresh high of 1.5454 before losing strength and entering a consolidative phase ahead of the FOMC minutes, which are due at 19:00 GMT.
GBP/USD technical levels
At time of writing, GBP/USD is trading at 1.5440, 0.59% above its opening price. As for technical levels, next resistances line up at 1.5485 (Dec 23 low) and 1.5500 (psychological level) ahead of 1.5567 (Jan 2 high). On the other hand, supports could be found at 1.5340 (daily low), 1.5327 (50-day SMA) and 1.5315 (Feb 17 low).
The pound remains among the best performers on Wednesday after encouraging UK employment and wage figures were released. Following a consolidation phase, Cable managed to stretch to a fresh high of 1.5454 before losing strength and entering a consolidative phase ahead of the FOMC minutes, which are due at 19:00 GMT.
GBP/USD technical levels
At time of writing, GBP/USD is trading at 1.5440, 0.59% above its opening price. As for technical levels, next resistances line up at 1.5485 (Dec 23 low) and 1.5500 (psychological level) ahead of 1.5567 (Jan 2 high). On the other hand, supports could be found at 1.5340 (daily low), 1.5327 (50-day SMA) and 1.5315 (Feb 17 low).