Back
8 Dec 2015
GBP/USD breaks below 1.5000
FXStreet (Edinburgh) - The sterling keeps depreciating vs. the greenback on Tuesday, now sending GBP/USD to test sub-1.5000 levels, or session lows.
GBP/USD lower on data, USD
The greenback keeps recovering ground lost in early trade, collaborating with today’s selling pressure around the pair. In addition, mixed results from UK’s Manufacturing and Industrial Production during October have failed to curb the offered tone around GBP, accentuating the downbeat sentiment.
Ahead in the session, UK’s NIESR GDP Estimate is due, while JOLTS Job Openings and the IBD/TIPP Economic Optimism are only expected across the pond.
GBP/USD important levels
The pair is now retreating 0.36% at 1.4998 facing the next support at 1.4893 (low Dec.2) and then 1.4853 (low Apr.21). On the upside, a breakout of 1.5160 (post-ECB high Dec.3) would aim for 1.5231 (55-day sma) and finally 1.5336 (high Nov.9).
GBP/USD lower on data, USD
The greenback keeps recovering ground lost in early trade, collaborating with today’s selling pressure around the pair. In addition, mixed results from UK’s Manufacturing and Industrial Production during October have failed to curb the offered tone around GBP, accentuating the downbeat sentiment.
Ahead in the session, UK’s NIESR GDP Estimate is due, while JOLTS Job Openings and the IBD/TIPP Economic Optimism are only expected across the pond.
GBP/USD important levels
The pair is now retreating 0.36% at 1.4998 facing the next support at 1.4893 (low Dec.2) and then 1.4853 (low Apr.21). On the upside, a breakout of 1.5160 (post-ECB high Dec.3) would aim for 1.5231 (55-day sma) and finally 1.5336 (high Nov.9).