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14 Jan 2015
GBP/USD in highs above 1.5200
FXStreet (Edinburgh) - The pound is trading on a better mood now, lifting GBP/USD back above the key 1.5200 barrier.
GBP/USD better on risk-on trade
The sentiment towards the risk appetite continues to improve today in the broader markets, pushing sterling to post multi-day highs against the US dollar near 1.5220. In the meantime, markets’ attention remains on the European Court of Justice decision on the ECB’s OMT progamme and the close-doors meeting between A.Merkel, M.Draghi and W.Schauble. In the UK data front, Governor Carney will hold a speech at 1415GMT.
GBP/USD levels to watch
At the moment the pair is gaining 0.24% at 1.5202 and a breakout of 1.5274 (high Jan.6) would open the door to 1.5311 (Tenkan Sen) and finally 1.5355 (high Jan.5). On the flip side, the next support lines up at 1.5077 (low Jan.13) followed by 1.5034 (low Jan.8) and then 1.5028 (low Jul.15 2013).
GBP/USD better on risk-on trade
The sentiment towards the risk appetite continues to improve today in the broader markets, pushing sterling to post multi-day highs against the US dollar near 1.5220. In the meantime, markets’ attention remains on the European Court of Justice decision on the ECB’s OMT progamme and the close-doors meeting between A.Merkel, M.Draghi and W.Schauble. In the UK data front, Governor Carney will hold a speech at 1415GMT.
GBP/USD levels to watch
At the moment the pair is gaining 0.24% at 1.5202 and a breakout of 1.5274 (high Jan.6) would open the door to 1.5311 (Tenkan Sen) and finally 1.5355 (high Jan.5). On the flip side, the next support lines up at 1.5077 (low Jan.13) followed by 1.5034 (low Jan.8) and then 1.5028 (low Jul.15 2013).