British Pound (GBP)

 

The Pound has risen against the dollar over the last 4 days. The main support line of the GBP/USD is 1.5400 according the daily chart. The pair broke the resistance level of 1.5650 during the Asian trading session, but was again trading in a range. Breaking the 1.5650 levels will take the pair towards 1.5800, and as long as the pair trades above 1.5600, a long position is preferred. Overall, GBP/USD traded with a low of 1.5511 and with a high of 1.5639. Today, the Trade Balance is expected at -8.20B vs. -8.50B previously.

 

GBP/USD - Last: 1.5629

 

Resistance

1.5650

Support

1.5597

1.5547

1.5450

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