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15 Apr 2015
GBP/USD heads to 1.4800 on US bad data
FXStreet (Tokyo) - The Sterling is trading higher against the US dollar as investors are selling the USD after the bad NY Empire State manufacturing index. GBP/USD rose 90 pips in morning to trade as high as 1.4790.
NY empire state manufacturing index collapses into negative field: -1.19 in April, well below the expected 7.00. First negative number since November.
Currently, GBP/USD is trading at 1.4771, down 0.06% on the day, having posted a daily high at 1.4791 and low at 1.4701. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
Above 1.4800, the GBP/USD will see resistances at 1.4820 and 1.4850. To the downside, supports are at 1.4750, 1.4700 and 1.4680.
NY empire state manufacturing index collapses into negative field: -1.19 in April, well below the expected 7.00. First negative number since November.
Currently, GBP/USD is trading at 1.4771, down 0.06% on the day, having posted a daily high at 1.4791 and low at 1.4701. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
Above 1.4800, the GBP/USD will see resistances at 1.4820 and 1.4850. To the downside, supports are at 1.4750, 1.4700 and 1.4680.