GBP/USD eyes 1.5500 key support – OCBC

FXStreet (Barcelona) - The OCBC Bank Research Team notes that the key psychological support at 1.5500 will come into view this week after the 1.5600 support was broken because of the strong US NFP print.

Key Quotes

“The 1.5600 support was punctured on Friday under the weight of the US NFP numbers with the key psychological 1.5500 support coming into view this week. On the CFTC front, net leveraged GBP shorts increased in the latest week, with positioning in short territory for the second consecutive week.“