30 Apr 2015
GBP/USD awaits US data
FXStreet (Mumbai) - The GBP/USD pair trades largely unchanged for the day around 1.5422 levels, awaiting the weekly jobless claims and personal income report in the US.
Focus on US data
The weekly jobless claims report in the US is expected to show initial claims dropped to 290K in the last week from the previous week’s claim of 295K. The personal spending is seen rising 0.5%, while the income is seen rising 0.3%.
An upbeat data could push the pair deep into losses, thereby ending its biggest winning streak since 2012. Earlier today, the pair had rallied to its 200-DMA located at 1.5490, whereby it ran into fresh offers.
GBP/USD Technical Levels
The immediate support is seen at 1.54, under which the pair could fall to 1.5340. On the flip side, a break above its 200-DMA at 1.5490 could push the pair higher to 1.5583.
Focus on US data
The weekly jobless claims report in the US is expected to show initial claims dropped to 290K in the last week from the previous week’s claim of 295K. The personal spending is seen rising 0.5%, while the income is seen rising 0.3%.
An upbeat data could push the pair deep into losses, thereby ending its biggest winning streak since 2012. Earlier today, the pair had rallied to its 200-DMA located at 1.5490, whereby it ran into fresh offers.
GBP/USD Technical Levels
The immediate support is seen at 1.54, under which the pair could fall to 1.5340. On the flip side, a break above its 200-DMA at 1.5490 could push the pair higher to 1.5583.