FXstreet.com (Barcelona) - U.S. Gross Domestic Product has been revised to a 0.7% decline in the second quarter, from the 1.0% drop previously estimates due to an adjustment of business spending figures. The Dollar has appreciated against its major counterparts.
EUR/USD moves around 1.4620 on retreat after rally from Tuesday's low at 1.4525 was capped at 1.4675. Next support levels lie at 1.4580, and once below here, 1.4525 (Sept 29 low) and 1.4500 (Sept 10 low). Resistance levels lie at 1.4675/80, and above here, 1.4720/25 (Sept 25/28 high) and 1.4750.
GBP/USD rally from 1.5770 has been capped at 1.6125 ahead of the release of ADP figures, and the Pound has lost about 100 pips dropping tp 1.6020. Support levels are 1.5940, and below here, 1.5880 and 1.5800 (Jun 8 low). Resistance levels lie at 1.6110 (End Aug/Start September lows) and then at 1.6200 and 1.6350.
USD/JPY has bounced at 89.35 intra-day high, and the Dollar reaches levels at 89.80 at the tonme of writing, right below the 50 and 20 hour moving averages. Support levels lie at 89.15 and below there, 88.25 (Sept 28 low) and 88.00. Resistance levels lie at 90.35/50 (Sept 24, intra-day lows), and above here, 90.85 and 91.30/35 (Sept 25 high).