19 Feb 2015
GBP/USD refreshes lows after US claims
FXStreet (Córdoba) - GBP/USD hit a fresh daily low after data showed US initial jobless claims fell more than expected last week.
Claims for unemployment benefits dropped by 21,000 to 283,000 in the week ending Feb 8, below the 293,000 expected. The dollar however, was barely affected by data and continued to trade near recent highs versus most competitors.
GBP/USD is currently trading at the 1.5415 zone, 0.13% below its opening price, having struck a daily low of 1.5403 in recent dealings. Cable came under pressure after being rejected from above 1.5450 earlier during the European session.
GBP/USD technical levels
In terms of technical levels, GBP/USD could find immediate supports at 1.5400 (psychological level), 1.5340 (Feb 18 low) and 1.5315 (Feb 17 low). On the flip side, resistances line up at 1.5464 (daily high) and 1.5479 (Feb 18 high) ahead of 1.5500 (psychological level).
Claims for unemployment benefits dropped by 21,000 to 283,000 in the week ending Feb 8, below the 293,000 expected. The dollar however, was barely affected by data and continued to trade near recent highs versus most competitors.
GBP/USD is currently trading at the 1.5415 zone, 0.13% below its opening price, having struck a daily low of 1.5403 in recent dealings. Cable came under pressure after being rejected from above 1.5450 earlier during the European session.
GBP/USD technical levels
In terms of technical levels, GBP/USD could find immediate supports at 1.5400 (psychological level), 1.5340 (Feb 18 low) and 1.5315 (Feb 17 low). On the flip side, resistances line up at 1.5464 (daily high) and 1.5479 (Feb 18 high) ahead of 1.5500 (psychological level).