Nuestros mejores spreads y condiciones
Más información
Noticias de trading
Back
20 May 2015
GBP/USD rebounds to 1.5550
FXStreet (Mumbai) - Fresh bids took control of the GBP/USD pair as it broke above 1.5520-1.5530 levels, pushing it to a fresh daily high of 1.5562 in the early US session.
USD being sold ahead of Fed minutes
The US dollar is being sold in anticipation of dovish Fed minutes. The markets expect policymakers to hint at at a possible delay in the rate hike due to weakness in the economy. The growing dovish expectations are evident from the drop in the US treasury yields. The 10-year yield currently trades 1.4 basis points lower at 2.248%, resulting into USD weakness.
The pair currently trades at 1.555, with eyes set on the 38.2% Fib retracement of 1.7190-1.4564 located at 1.5568.
GBP/USD Technical Levels
The immediate resistance is located at 1.5568, above which the pair could rise to 1.5637 (10-DMA). On the other hand, a break below 1.5517 could send the pair lower to 1.5420 (200-DMA).
USD being sold ahead of Fed minutes
The US dollar is being sold in anticipation of dovish Fed minutes. The markets expect policymakers to hint at at a possible delay in the rate hike due to weakness in the economy. The growing dovish expectations are evident from the drop in the US treasury yields. The 10-year yield currently trades 1.4 basis points lower at 2.248%, resulting into USD weakness.
The pair currently trades at 1.555, with eyes set on the 38.2% Fib retracement of 1.7190-1.4564 located at 1.5568.
GBP/USD Technical Levels
The immediate resistance is located at 1.5568, above which the pair could rise to 1.5637 (10-DMA). On the other hand, a break below 1.5517 could send the pair lower to 1.5420 (200-DMA).