5 Aug 2015
GBP/USD pressured ahead of super Thursday
FXStreet (Guatemala) - GBP/USD is currently trading 1.5598 with a high of 1.5654 and low of 1.5525.
GBP/USD has been an initial bid and better offered for the most part of the European session. However supply came in and 1.5600 is at risk of being left behind to the downside while we are trading below there currently ahead of key events tomorrow for the UK. We have the BoE and house price data along with industrial production and manufacturing numbers. So a big day ahead of the Nonfarm Payrolls at the end of the week.
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!
GBP/USD: 1.5640 the key level to the upside
Analysts at UOB explained the technical conditions ahead of super Thursday and events tomorrow.
"24 hour view: The trading range of 1.5558/1.5633 was close to our expectation of 1.5550/1.5635. While the outlook remains mixed, downward momentum is improving and this could lead to a deeper probe towards 1.5530. Resistance is 1.5600 ahead of the now very strong resistance at 1.5635."
GBP/USD has been an initial bid and better offered for the most part of the European session. However supply came in and 1.5600 is at risk of being left behind to the downside while we are trading below there currently ahead of key events tomorrow for the UK. We have the BoE and house price data along with industrial production and manufacturing numbers. So a big day ahead of the Nonfarm Payrolls at the end of the week.
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!
GBP/USD: 1.5640 the key level to the upside
Analysts at UOB explained the technical conditions ahead of super Thursday and events tomorrow.
"24 hour view: The trading range of 1.5558/1.5633 was close to our expectation of 1.5550/1.5635. While the outlook remains mixed, downward momentum is improving and this could lead to a deeper probe towards 1.5530. Resistance is 1.5600 ahead of the now very strong resistance at 1.5635."