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GBP/USD retakes 1.5100 and above

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 4, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Edinburgh) - The sterling has recovered the 1.5100 handle vs. the greenback at the end of the week, with GBP/USD currently testing the 1.5120/25 handle.

    GBP/USD attention to NFP

    The pair is surrendering part of yesterday’s significant spike, where it climbed more than 2 big-figures from the 1.4900 neighbourhood to the mid-1.5100s following the ECB hawkish and unexpected tone at its meeting.

    Absent releases in the UK calendar today, all the attention will be on the Non-farm Payrolls in the US economy, with consensus bets point to a creation of 200K jobs during November.

    GBP/USD important levels

    The pair is now retreating 0.23% at 1.5119 facing the next support at 1.4893 (low Dec.2) followed by 1.4853 (low Apr.21) and then 1.4563 (low Apr.13). On the upside, a breakout of 1.5160 (high Dec.3) would aim for 1.5248 (55-day sma) and finally 1.5336 (high Nov.9).
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