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Forex pairs in this Article » GBP/USD (Chicago) - GBP/USD has advances the most today printing 1.26% gains for a stellar week and 1.55% gains in the month. After better than expected data was released in the UK and a subdued dollar the pair cruises around 2-week highs.

Data recap

Price action reveals the pair soared shortly after retail sales data surpassed expected results at 2.2% (YoY) vs. expected 2.1% and retail sales data ex-fuel at 2.8% vs. estimates at 2.1%. In the US, job market data was mixed with continuing jobless claims decreasing but initial jobless claims increasing.

GBP/USD Technical Levels

According to the trend index, the pair is slightly bullish on one-hour timeframe analysis above the EMA20. Offered at 1.6148, the pair oscillates between supports aligned at 1.6095 (September 26th highs), 1.6014 (October 15th highs) ahead of 1.5953 (September 24th lows) and the resistances set at1.6180 (September 28th highs), 1.6238 (October 3rd highs) followed by 1.6271 (September 27th highs).
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