5 Sep 2013
GBP/USD makes fresh highs after ADP
FXstreet.com (Córdoba) - The GBP/USD extended gains to marginal new highs after the ADP report showed US private employment grew less than expected in August, a day ahead of the Government figures.
GBP/USD, that had previously received a boost in the wake of the BoE decision, stretched to a fresh 2-week high of 1.5666 after the ADP data, however the advance was tempered by better-than-anticipated US jobless claims, which declined to 323K last week.
GBP/USD technical levels
At time of writing, GBP/USD is trading at the 1.5660 zone, recording a 0.3% gain on the day. As for technical levels, immediate resistances are seen at 1.5700 (psychological level) and 1.5715 (Aug 21 high), while supports might be faced at 1.5590 (daily low) and 1.5550 (10-day SMA).
GBP/USD, that had previously received a boost in the wake of the BoE decision, stretched to a fresh 2-week high of 1.5666 after the ADP data, however the advance was tempered by better-than-anticipated US jobless claims, which declined to 323K last week.
GBP/USD technical levels
At time of writing, GBP/USD is trading at the 1.5660 zone, recording a 0.3% gain on the day. As for technical levels, immediate resistances are seen at 1.5700 (psychological level) and 1.5715 (Aug 21 high), while supports might be faced at 1.5590 (daily low) and 1.5550 (10-day SMA).