6 Apr 2015
GBP/USD posts fresh highs above 1.4950
FXStreet (Córdoba) - GBP/USD managed to print fresh daily highs above 1.4950 at the beginning of the American session as dollar extends weakness across the board following Friday’s disappointing nonfarm payrolls figures.
GBP/USD broke above the 1.4950 resistance level and stretched to an 11-day high of 1.4967 also weighed by comments of Fed’s Dudley. New York Fed’s President said dollar appreciation is a shock which is expected to cut growth by 0.6% and reiterated the Fed dropping the word patient doesn’t mean it became impatient.
At time of writing, GBP/USD is trading at 1.4960, recording a 0.3% gain on the day. Valeria Bednarik, chief analyst at FXStreet points out short-term charts show the upside remains favored.
The analyst locates immediate resistance levels at 1.5000 and 1.5040, while she places supports at 1.4880, 1.4840 and 1.4790.
GBP/USD broke above the 1.4950 resistance level and stretched to an 11-day high of 1.4967 also weighed by comments of Fed’s Dudley. New York Fed’s President said dollar appreciation is a shock which is expected to cut growth by 0.6% and reiterated the Fed dropping the word patient doesn’t mean it became impatient.
At time of writing, GBP/USD is trading at 1.4960, recording a 0.3% gain on the day. Valeria Bednarik, chief analyst at FXStreet points out short-term charts show the upside remains favored.
The analyst locates immediate resistance levels at 1.5000 and 1.5040, while she places supports at 1.4880, 1.4840 and 1.4790.