27 Feb 2015
GBP/USD finds ceiling at 1.5450 and fells to 1.5425; yet positive on the day
FXStreet (San Francisco) - GBP/USD's recovery from the 1.5380 traded in the European session found sellers at 1.5450 just after the upbeat US GDP data. The Cable is currently falling to test 200-hour MA at 1.5425.
US GDP was revised up to 2.2% in the Q4; better than 2.1% expected by market. Inventories added 0.12 percentage points to GDP.
Currently, GBP/USD is trading at 1.5428, up 0.15% on the day, having posted a daily high at 1.5451 and low at 1.5384. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
GBP/USD levels
If the pair extends declines below 1.5425, it will find next supports at 1.5400 and 1.5380. To the upside, resistances are at 1.5450, 1.5470 and 1.5500.
US GDP was revised up to 2.2% in the Q4; better than 2.1% expected by market. Inventories added 0.12 percentage points to GDP.
Currently, GBP/USD is trading at 1.5428, up 0.15% on the day, having posted a daily high at 1.5451 and low at 1.5384. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
GBP/USD levels
If the pair extends declines below 1.5425, it will find next supports at 1.5400 and 1.5380. To the upside, resistances are at 1.5450, 1.5470 and 1.5500.