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17 Apr 2015
GBP/USD wobbles around 1.5000
FXStreet (Edinburgh) - The pound has surrendered part of the initial gains post-US data, now sending GBP/USD back to the 1.5000 neighbourhood.
GBP/USD back to 1.5000 on data
The pair is coming down from multi-week tops near 1.5050 after US Core consumer prices surpassed estimates during March, advancing at an annual pace of 1.8% vs. consensus and previous print at 1.7%. Headline prices contracted 0.1% YoY, missing forecasts for a flat reading.
Previously, the jobless rate in the UK economy ticked lower in the three months ended in March while the Claimant count rose 2.3% in March vs. 2.4% previous.
GBP/USD relevant levels
At the moment the pair is advancing 0.39% at 1.4993 with the next resistance at 1.5061 (50% of 1.5554-1.4567) followed by 1.5067 (55-d MA) and then 1.5155 (high Mar.18). On the flip side, a breakdown of 1.4917 (low Apr.17) would target 1.4861 (Kijun Sen) en route to 1.4813 (low Apr.16).
GBP/USD back to 1.5000 on data
The pair is coming down from multi-week tops near 1.5050 after US Core consumer prices surpassed estimates during March, advancing at an annual pace of 1.8% vs. consensus and previous print at 1.7%. Headline prices contracted 0.1% YoY, missing forecasts for a flat reading.
Previously, the jobless rate in the UK economy ticked lower in the three months ended in March while the Claimant count rose 2.3% in March vs. 2.4% previous.
GBP/USD relevant levels
At the moment the pair is advancing 0.39% at 1.4993 with the next resistance at 1.5061 (50% of 1.5554-1.4567) followed by 1.5067 (55-d MA) and then 1.5155 (high Mar.18). On the flip side, a breakdown of 1.4917 (low Apr.17) would target 1.4861 (Kijun Sen) en route to 1.4813 (low Apr.16).