4 Jun 2015
GBP/USD retreats as dollar fights back
FXStreet (Córdoba) - GBP/USD pulled back from a 9-day high and dipped back below the 1.5400 level as the dollar takes back losses across the board.
GBP/USD retreated from the 1.5440 area and lost nearly 100 pips over the last hours. With the downside contained by the 1.5350 area, Cable is currently trading at 1.5360, still up 0.12% on the day.
Earlier today, the Bank of England left interest rates and asset purchases unchanged as expected, resulting in a non-event for the pound. Attention turns now to the US nonfarm payroll report to be published tomorrow.
GBP/USD levels to watch
As for technical levels, GBP/USD could find next supports at 1.5303/00 (daily low/psychological level) and 1.5250 (Jun 3 low). On the flip side, resistances are seen at 1.5440 (daily high) and 1.5490 (20-day SMA).
GBP/USD retreated from the 1.5440 area and lost nearly 100 pips over the last hours. With the downside contained by the 1.5350 area, Cable is currently trading at 1.5360, still up 0.12% on the day.
Earlier today, the Bank of England left interest rates and asset purchases unchanged as expected, resulting in a non-event for the pound. Attention turns now to the US nonfarm payroll report to be published tomorrow.
GBP/USD levels to watch
As for technical levels, GBP/USD could find next supports at 1.5303/00 (daily low/psychological level) and 1.5250 (Jun 3 low). On the flip side, resistances are seen at 1.5440 (daily high) and 1.5490 (20-day SMA).