Forex: GBP/USD bouncing off the 1.5750 region
Forex pairs in this Article »
GBP/USD
FXstreet.com (Barcelona) - The sterling is trading back to the 1.5780 region after bottoming in the boundaries of 1.5750, ahead of tomorrow's flash Q4 GDP in the British economy. Prior surveys expect the economic activity in the UK to expand 0.2% on a yearly basis, and to contract 0.1% QoQ, vs. previous prints at 0.0% and +0.9%, respectively.
In the data space, the BBA Mortgage Approvals during December matched previous print at 33.6K, albeit below the median at 34.1K.
As of writing, GBPUSD is losing 0.42% at 1.5778
Next support levels align at 1.5754 (low Aug.28) ahead of 1.5706 (low Aug.21) and finally 1.5678 (low Aug.20).
On the flip side, a surpass of 1.5852 (hourly high Jan.24) would expose 1.5893 (high Jan.21) and then 1.5905 (MA200d).
In the data space, the BBA Mortgage Approvals during December matched previous print at 33.6K, albeit below the median at 34.1K.
As of writing, GBPUSD is losing 0.42% at 1.5778
Next support levels align at 1.5754 (low Aug.28) ahead of 1.5706 (low Aug.21) and finally 1.5678 (low Aug.20).
On the flip side, a surpass of 1.5852 (hourly high Jan.24) would expose 1.5893 (high Jan.21) and then 1.5905 (MA200d).
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