Back
14 Jan 2015
Update: GBP/USD back below 1.5200
FXStreet (Mumbai) - Cable shaved off previous gains and trades steady after the European Court of Justice (ECJ) ruling, looking for direction amid lack of fresh triggers for the rest of the session.
The GBP/USD pair trades flat at 1.5172 levels, having posted day’s high at 1.5223 levels, some time ago. The cable struggles around 1.5170 levels, as markets now await speech from Merkel, Schaeuble and Draghi at a closed-door conference in Berlin.
Investors also eye a batch of US economic releases for any major impact on the currency pair.
GBP/USD Levels to consider
The pair has an immediate resistance at 1.5223 above which gains could be extended to 1.5240 levels. On the flip side, support is seen at 1.5146, below which it could extend losses to 1.51 levels.
The GBP/USD pair trades flat at 1.5172 levels, having posted day’s high at 1.5223 levels, some time ago. The cable struggles around 1.5170 levels, as markets now await speech from Merkel, Schaeuble and Draghi at a closed-door conference in Berlin.
Investors also eye a batch of US economic releases for any major impact on the currency pair.
GBP/USD Levels to consider
The pair has an immediate resistance at 1.5223 above which gains could be extended to 1.5240 levels. On the flip side, support is seen at 1.5146, below which it could extend losses to 1.51 levels.