Filed Under:
Forex pairs in this Article » GBP/USD
FXStreet (San Francisco) - The Sterling reached a fresh low since December against the US Dollar at 1.6250 following the weaker than expected ADP numbers.

After data release, the GBP/USD broke 1.6260 area to reach fresh low since December 17 at 1.6350; however the pair bounced to price at 1.6285. Now it is trading at 1.6270. 0.35% negative on the day.

GBP/USD sentiment

The short term perspective is, however, slightly bullish now according to the FXStreet trend index in the 15-minute chart. Momentum is pointing to the north while the CCI is bearish and Stochastic and MACD are neutral.

Valeria Bednarik, FXStreet Chief Analyst notes that GBP/USD “recovery above 1.6300 may see the pair attempt to retest the 1.6340 resistance, albeit only steady gains above 1.6360 should signal a bullish continuation eyeing then 1.6410 price zone.”
comments powered by Disqus