3 Aug 2015
GBP/USD: another day around 1.5600
FXStreet (Córdoba) - Cable lost ground on Monday but remains around 1.5600, as it had been trading during a week. GBP/USD continues to move sideways in ranges ahead of key economic events in the UK and the US.
GBP/USD between 1.57 and 1.55
The pair continues to trade facing a strong resistance below 1.5700. Price approached several times the mentioned area during July but it was unable to break higher. On the downside the immediate key support lies at 1.5540/50 and below here at 1.5460.
In the US key data regarding the labor market including the NFP report will be released while in the United Kingdom, Thursday will be extremely important, with the release of the rate decision and the minutes of the Bank of England and also the Inflation Report.
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!
GBP/USD between 1.57 and 1.55
The pair continues to trade facing a strong resistance below 1.5700. Price approached several times the mentioned area during July but it was unable to break higher. On the downside the immediate key support lies at 1.5540/50 and below here at 1.5460.
In the US key data regarding the labor market including the NFP report will be released while in the United Kingdom, Thursday will be extremely important, with the release of the rate decision and the minutes of the Bank of England and also the Inflation Report.
Register to the live coverage and trade the NonFarm Payrolls with Bednarik, Pinkert and Elam. We are Forex!