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19 Mar 2015
GBP/USD testing 1.4900
FXStreet (Edinburgh) - The re-emergence of the US dollar following the dovish FOMC statement on Wednesday is dragging GBP/USD to the vicinity of 1.4900.
GBP/USD back from 1.5170
The pair briefly visited the area of 1.5170 following the USD sell off in the aftermath of the FOMC meeting and subsequent press conference by Chairwoman Yellen. The upside, however, lacked of conviction and relegated spot back to the 1.4900/1.4890 area in early trade today.
Nothing from the UK docket today, with US releases and the dollar dynamics remaining the main drivers for the pair’s price action.
GBP/USD key levels
The pair is now retreating 0.52% at 1.4899 with the next support at 1.4646 (low Jun.17 2010) ahead of 1.4600 (psychological level). On the flip side, a break above 1.5000 (psychological level) would aim for 1.5172 (high Mar.18) and finally 1.5200 (psychological level).
GBP/USD back from 1.5170
The pair briefly visited the area of 1.5170 following the USD sell off in the aftermath of the FOMC meeting and subsequent press conference by Chairwoman Yellen. The upside, however, lacked of conviction and relegated spot back to the 1.4900/1.4890 area in early trade today.
Nothing from the UK docket today, with US releases and the dollar dynamics remaining the main drivers for the pair’s price action.
GBP/USD key levels
The pair is now retreating 0.52% at 1.4899 with the next support at 1.4646 (low Jun.17 2010) ahead of 1.4600 (psychological level). On the flip side, a break above 1.5000 (psychological level) would aim for 1.5172 (high Mar.18) and finally 1.5200 (psychological level).