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11 Dec 2014
GBP/USD capped at strong resistance at 1.5720
FXStreet (Guatemala) - GBP/USD is trading at 1.5718, up 0.04% on the day, having posted a daily high at 1.5759 and low at 1.5652.
GBP/USD has moved up through the 1.57 level on the bid to the 1.5720 resistance with the greenback falling over again after attempts higher across the board in early European trade. The chatter has it that an 8am sell fix gave false opening signals to the street that the dollar hasn’t quite recovered from, only supported to some degree by the better than expected Initial Jobless Claims.
The main theme remains with a stronger dollar outlook for next year but the mean time, we are volatile in seasonable end of year trading ahead of the FOMC next week and risk events this weekend with Japans snap election.
GBP/USD noteworthy close proximity levels
With spot trading at 1.5719, we can see next levels ahead at 1.5721, 1.5740 (Daily Classic R1), 1.5759 (Daily High), 1.5767 (Daily Classic R2) and 1.5814 (Daily Classic R3). To the downside below spot we can see the 1.5718 (Daily 20 SMA), 1.5712 (Weekly High), 1.5712 (Daily Open), 1.5703 (Weekly Classic R1) and 1.5693 (Daily Classic PP).
GBP/USD has moved up through the 1.57 level on the bid to the 1.5720 resistance with the greenback falling over again after attempts higher across the board in early European trade. The chatter has it that an 8am sell fix gave false opening signals to the street that the dollar hasn’t quite recovered from, only supported to some degree by the better than expected Initial Jobless Claims.
The main theme remains with a stronger dollar outlook for next year but the mean time, we are volatile in seasonable end of year trading ahead of the FOMC next week and risk events this weekend with Japans snap election.
GBP/USD noteworthy close proximity levels
With spot trading at 1.5719, we can see next levels ahead at 1.5721, 1.5740 (Daily Classic R1), 1.5759 (Daily High), 1.5767 (Daily Classic R2) and 1.5814 (Daily Classic R3). To the downside below spot we can see the 1.5718 (Daily 20 SMA), 1.5712 (Weekly High), 1.5712 (Daily Open), 1.5703 (Weekly Classic R1) and 1.5693 (Daily Classic PP).