19 Jan 2015
GBP/USD steadies above 1.5150 in quiet trade
FXStreet (Mumbai) - Cable traded mildly higher in a calmer European session, as traders await the Bank of England's minutes release later in the week.
The GBP/USD pair traded unchanged at 1.5159 levels, consolidating above 1.5100 levels. The pound is expected to remain elevated today on broad based US dollar weakness ahead of a quiet macro-data session. US markets will remain closed today on account of a national holiday.
GBP/USD Levels to consider
The pair has an immediate resistance at 1.5173 (5-DMA) above which gains could be extended to 1.5200 levels. On the flip side, support is seen at 1.5142 (Jan 14 Low), below which it could extend losses to sub 1.51 levels.
The GBP/USD pair traded unchanged at 1.5159 levels, consolidating above 1.5100 levels. The pound is expected to remain elevated today on broad based US dollar weakness ahead of a quiet macro-data session. US markets will remain closed today on account of a national holiday.
GBP/USD Levels to consider
The pair has an immediate resistance at 1.5173 (5-DMA) above which gains could be extended to 1.5200 levels. On the flip side, support is seen at 1.5142 (Jan 14 Low), below which it could extend losses to sub 1.51 levels.