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3 May 2013
Forex: GBP/USD around 1.5530/35 ahead of UK data
FXstreet.com (Barcelona) - The sterling is flat-lining around 1.5530/35 on Friday, ahead of the final Services PMI print during April. Consensus is calling for a reading of 52.4, matching the previous print.
Ahead in the day, the cross would be under pressure via de greenback, as April’s US Payrolls are due, expected to improve to 145K vs. March’s 88K.
As of writing, the cross is down 0.02% at 1.5531 with the next support at 1.5476 (low Apr.29) followed by 1.5418 (low Apr.26) and then 1.5408 (MA10d).
On the flip side, a break above of 1.5607 (high May 1) would expose 1.5690 (high Feb.13) and then 1.5810 (high Feb.11).
Ahead in the day, the cross would be under pressure via de greenback, as April’s US Payrolls are due, expected to improve to 145K vs. March’s 88K.
As of writing, the cross is down 0.02% at 1.5531 with the next support at 1.5476 (low Apr.29) followed by 1.5418 (low Apr.26) and then 1.5408 (MA10d).
On the flip side, a break above of 1.5607 (high May 1) would expose 1.5690 (high Feb.13) and then 1.5810 (high Feb.11).