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16 May 2013
Forex: GBP/USD jumps after US data
FXstreet.com (Córdoba) - The Cable saw a quick rise to fresh daily highs after the latest string of US data showed initial jobless claims rose more than expected last week, while housing starts and CPI numbers also disappointed.
The greenback weakened across the board, sending GBP/USD to a 2-day high of 1.5279, stalling just ahead of the 100-hour SMA. At time of writing, the pair is trading around 1.5275, up 0.3% on the day.
If GBP/USD breaks decisively above 1.5283 (100-hour SMA) next resistances are seen at 1.5300 (psychological level) and 1.5330 (high May 14), while on the other hand, supports could be found at 1.5195 (daily low) and 1.5172 (low May 15).
The greenback weakened across the board, sending GBP/USD to a 2-day high of 1.5279, stalling just ahead of the 100-hour SMA. At time of writing, the pair is trading around 1.5275, up 0.3% on the day.
If GBP/USD breaks decisively above 1.5283 (100-hour SMA) next resistances are seen at 1.5300 (psychological level) and 1.5330 (high May 14), while on the other hand, supports could be found at 1.5195 (daily low) and 1.5172 (low May 15).