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14 Apr 2015
GBP/USD upside stalled at 1.4800
FXStreet (Edinburgh) - The upbeat momentum in the sterling lost vigour in the 1.4800 neighbourhood on Tuesday, with GBP/USD now deflating to the 1.4790 area.
GBP/USD boosted by US docket
After lackluster results from the UK’s inflation figures during March, spot managed to stage a comeback from session lows around 1.4600 the figure after US data releases surprised investors to the downside, with Retail Sales and the NFIB index both missing expectations.
The bull run, however, seems to have lost some momentum around the 1.4800 handle, although the pair manages to keep the trade in the upper bound of the daily range anyway.
GBP/USD levels to watch
As of writing the pair is advancing 0.75% at 1.4785 and a breakout of 1.4804 (high Apr.14) would aim for 1.4886 (high Apr.9) and then 1.4900 (psychological level). On the downside, the immediate support aligns at 1.4603 (low Apr.14) followed by 1.4567 (2015 low Apr.13) and finally 1.4500 (psychological level).
GBP/USD boosted by US docket
After lackluster results from the UK’s inflation figures during March, spot managed to stage a comeback from session lows around 1.4600 the figure after US data releases surprised investors to the downside, with Retail Sales and the NFIB index both missing expectations.
The bull run, however, seems to have lost some momentum around the 1.4800 handle, although the pair manages to keep the trade in the upper bound of the daily range anyway.
GBP/USD levels to watch
As of writing the pair is advancing 0.75% at 1.4785 and a breakout of 1.4804 (high Apr.14) would aim for 1.4886 (high Apr.9) and then 1.4900 (psychological level). On the downside, the immediate support aligns at 1.4603 (low Apr.14) followed by 1.4567 (2015 low Apr.13) and finally 1.4500 (psychological level).