6 Apr 2015
GBP/USD erases daily gains
FXStreet (Córdoba) - The GBP/USD pair pulled back further during the American session and erased all gains.
After Wall Street opening bell it climbed to 1.4981, reaching the strongest level in a week but then lost momentum and turned to the downside. Recently the pair dropped to 1.4920; the same level it closed on Friday. Greenback strengthened in the market during the last hours favoring the downside in the GBP/USD pair.
GBP/USD capped by 1.5000… again
Cable lost strength after approaching the 1.5000 area. Last month the mentioned level capped the upside serveral times. The last time it closed above 1.5000 was four weeks ago.
On the opposite direction the key short term support might lie at 1.4870/75 (Mar 31 and Apr 1, 2 highs).
After Wall Street opening bell it climbed to 1.4981, reaching the strongest level in a week but then lost momentum and turned to the downside. Recently the pair dropped to 1.4920; the same level it closed on Friday. Greenback strengthened in the market during the last hours favoring the downside in the GBP/USD pair.
GBP/USD capped by 1.5000… again
Cable lost strength after approaching the 1.5000 area. Last month the mentioned level capped the upside serveral times. The last time it closed above 1.5000 was four weeks ago.
On the opposite direction the key short term support might lie at 1.4870/75 (Mar 31 and Apr 1, 2 highs).