12 Aug 2015
GBP/USD trims gains, drops toward 1.5600
FXStreet (Córdoba) - GBP/USD lost strength after hitting the highest level in almost two weeks at 1.5660 and then pulled back trimming gains. Recently reached 1.5600 and near the end of the American session it was trading at 1.5610/15, almost 30 pips above Tuesday’s closing price. Despite rising against the US dollar the pound dropped versus the euro and the Swiss franc.
Again rejected from above 1.5650
For the third time since the last the last week of July, GBP/USD was rejected from above 1.5650. The pair traded momentarily on top of the mentioned level but it failed to hold and pulled back, like it did on July 29 and 31.
An important close above 1.5650 could boost cable to test 1.5700, but as long as it remains below 1.5650/70 the upside seems limited.
Data ahead
No economic data from the United Kingdom will be released tomorrow while in the US it will be the busiest day of the week regarding economic reports, among them the most important will be jobless claims and retail sales numbers.
Again rejected from above 1.5650
For the third time since the last the last week of July, GBP/USD was rejected from above 1.5650. The pair traded momentarily on top of the mentioned level but it failed to hold and pulled back, like it did on July 29 and 31.
An important close above 1.5650 could boost cable to test 1.5700, but as long as it remains below 1.5650/70 the upside seems limited.
Data ahead
No economic data from the United Kingdom will be released tomorrow while in the US it will be the busiest day of the week regarding economic reports, among them the most important will be jobless claims and retail sales numbers.