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4 Feb 2015
GBP/USD upside points to 1.5250
FXStreet (Edinburgh) - The pound is extending its upbeat momentum on Wednesday, lifting GBP/USD to fresh multi-day highs near 1.5250.
GBP/USD in 3-week peaks
The pair keeps pushing higher this week, prolonging the bounce off the psychological 1.5000 handle on Monday, all against the backdrop of a better sentiment towards the risk appetite.
Collaborating with the upside, the key UK Services PMI improved to 57.2 during January vs. 56.3 forecasted and 55.8 previous. Data across the pond saw the US private sector creating 213K jobs last month, according to today’s ADP Report.
GBP/USD levels to consider
The pair is up 0.52% at 1.5248 with the next hurdle at 1.5270 (50% of 1.5588-1.4952) followed by 1.5274 (high Jan.6) and then 1.5323 (23.6% of 1.6525-1.4952). On the downside, a break below 1.5122 (21-d MA) would open the door to 1.5099 (10-d MA) and finally 1.4988 (low Feb.3).
GBP/USD in 3-week peaks
The pair keeps pushing higher this week, prolonging the bounce off the psychological 1.5000 handle on Monday, all against the backdrop of a better sentiment towards the risk appetite.
Collaborating with the upside, the key UK Services PMI improved to 57.2 during January vs. 56.3 forecasted and 55.8 previous. Data across the pond saw the US private sector creating 213K jobs last month, according to today’s ADP Report.
GBP/USD levels to consider
The pair is up 0.52% at 1.5248 with the next hurdle at 1.5270 (50% of 1.5588-1.4952) followed by 1.5274 (high Jan.6) and then 1.5323 (23.6% of 1.6525-1.4952). On the downside, a break below 1.5122 (21-d MA) would open the door to 1.5099 (10-d MA) and finally 1.4988 (low Feb.3).