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30 Oct 2015
GBP/USD through 1.5400, session highs
FXStreet (Edinburgh) - The bid tone around the sterling is picking up pace during the NA session on Friday, pushing GBP/USD to test highs beyond the 1.5400 handle.
GBP/USD in weekly highs
The pair has managed to leave behind the FOMC-induced weakness that hit the risk-associated universe by mid-week, reverting the initial drop and now closing the week on a positive note.
Looking to next week’s docket in the UK economy, Markit’s manufacturing/services PMI and the BoE MPC meeting and minutes will take centre stage, amidst steady market expectations of a rate hike by the BoE around H2 2016.
GBP/USD levels to watch
At the moment the pair is gaining 0.55% at 1.5394 facing the next hurdle at 1.5457 (downtrend from 1.5658) followed by 1.5482 (100-day sma) and finally 1.5528 (76.4% Fibo of 1.5658-1.5106). On the other hand, a breach of 1.5236 (23.6% Fibo of 1.5658-1.5106) would open the door to 1.5208 (6-month uptrend) and then 1.5106 (low Oct.1).
GBP/USD in weekly highs
The pair has managed to leave behind the FOMC-induced weakness that hit the risk-associated universe by mid-week, reverting the initial drop and now closing the week on a positive note.
Looking to next week’s docket in the UK economy, Markit’s manufacturing/services PMI and the BoE MPC meeting and minutes will take centre stage, amidst steady market expectations of a rate hike by the BoE around H2 2016.
GBP/USD levels to watch
At the moment the pair is gaining 0.55% at 1.5394 facing the next hurdle at 1.5457 (downtrend from 1.5658) followed by 1.5482 (100-day sma) and finally 1.5528 (76.4% Fibo of 1.5658-1.5106). On the other hand, a breach of 1.5236 (23.6% Fibo of 1.5658-1.5106) would open the door to 1.5208 (6-month uptrend) and then 1.5106 (low Oct.1).