The bullish momentum in the GBP/USD pair ran out of steam in the NY session near 50-DMA (then at 1.4325) and the spot now trades on a flat note around 1.4275. Eyes UK data Cable eyes UK trade balance data for January, which is expected to show the deficit widened in January. Traders would also keep a close watch on the EUR/USD pair, given the trend in most majors post ECB bazooka is being decided by the EUR/USD. Later in the day, US Import and Export price index is due for release, but traders may look through the same heading into the weekend. GBP/USD Technical Levels The immediate hurdle is seen at 1.4317 (50-DMA) – 1.4330 (23.6% of 1.5930-1.3835), above which the spot could target 1.4405 (Feb 19 high). On the other hand, a break below immediate support at 1.4247 (5-DMA) would expose 1.4173 (Mar 8 low). For more information, read our latest forex news.