13 Jul 2015
GBP/USD erases daily gains, back to 1.5500
FXStreet (Córdoba) - GBP/USD reversed course and erased intraday gains after being rejected from a peak of 1.5589 during the European session.
With the greenback as the top performer across the board, GBP/USD surrendered ground and slid back to the 1.5500 zone. However, Cable has managed to hold above the 1.55 mark and it was last trading at 1.5510, little changed on the day.
UK will release inflation data on Tuesday and employment figures on Wednesday. Consumer prices are expected to print a 0.1% increase in June and a flat reading year-over-year, while claimant count change is seen falling by 8.8K during the same period.
GBP/USD levels to watch
In terms of technical levels, GBP/USD could find next supports at 1.5493 (Jul 13 low) and 1.5432 (200-day SMA). On the other hand, resistances are seen at 1.5588 (Jul 13 high), 1.5600 (psychological level) and 1.5650 (21-day SMA).
With the greenback as the top performer across the board, GBP/USD surrendered ground and slid back to the 1.5500 zone. However, Cable has managed to hold above the 1.55 mark and it was last trading at 1.5510, little changed on the day.
UK will release inflation data on Tuesday and employment figures on Wednesday. Consumer prices are expected to print a 0.1% increase in June and a flat reading year-over-year, while claimant count change is seen falling by 8.8K during the same period.
GBP/USD levels to watch
In terms of technical levels, GBP/USD could find next supports at 1.5493 (Jul 13 low) and 1.5432 (200-day SMA). On the other hand, resistances are seen at 1.5588 (Jul 13 high), 1.5600 (psychological level) and 1.5650 (21-day SMA).