6 Mar 2015
GBP/USD tumbles below 1.5200
FXStreet (Córdoba) - GBP/USD broke below 1.5200 and dropped further reaching at 1.5161 a fresh 1-month low. The pair remains near the lows, under pressure ahead of the NFP report.
The pound weakened across the board during the last two hours; EUR/GBP erased losses, GBP/CHF dropped further while GBP/JPY fell toward 182.00 hitting 2-week lows.
GBP/USD having a bad week before NFP
Cable is falling for the fifth day in a row and in a few days erased most of January’s gains. Currently trades 250 pips below the level it had a week ago and it is having so far the worst weekly performance since September 2014.
The US employment report could trigger another rally for the US dollar or a correction. To the downside, the immediate strong support level could be located at 1.5090/95, while to the upside, resistance at 1.5270.
The pound weakened across the board during the last two hours; EUR/GBP erased losses, GBP/CHF dropped further while GBP/JPY fell toward 182.00 hitting 2-week lows.
GBP/USD having a bad week before NFP
Cable is falling for the fifth day in a row and in a few days erased most of January’s gains. Currently trades 250 pips below the level it had a week ago and it is having so far the worst weekly performance since September 2014.
The US employment report could trigger another rally for the US dollar or a correction. To the downside, the immediate strong support level could be located at 1.5090/95, while to the upside, resistance at 1.5270.