30 Jul 2015
GBP/USD trades back above 1.5600
FXStreet (Cocoa) - The GBP/USD fell 80 pips from daily highs at 1.5640 to break below 1.5600 and test S1 at 1.5560 where the British Pound found buying interest against the US Dollar. Now the pair recovered nearly 40 pips to trade above 1.5600.
Ealier in the day, the GBP/USD erased all intra-day gains as investors bought the Greenback across the board following the US GDP and jobless claims data. Currently, GBP/USD is trading at 1.5601, up 0.02% on the day, having posted a daily high at 1.5645 and low at 1.5562.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
GBP/USD levels
If the pair extends its recovery beyond 1.5600, it will find next resistances at 1.5620, 1.5640 and 1.5690. To the upside, supports are at 1.5560, 1.5550 and 1.5530.
Ealier in the day, the GBP/USD erased all intra-day gains as investors bought the Greenback across the board following the US GDP and jobless claims data. Currently, GBP/USD is trading at 1.5601, up 0.02% on the day, having posted a daily high at 1.5645 and low at 1.5562.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bearish.
GBP/USD levels
If the pair extends its recovery beyond 1.5600, it will find next resistances at 1.5620, 1.5640 and 1.5690. To the upside, supports are at 1.5560, 1.5550 and 1.5530.