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4 Sep 2015
GBP/USD keeps lows near 1.5230
FXStreet (Edinburgh) - The sterling remains entrenched in the negative territory vs. the dollar on Friday, with GBP/USD navigating the 1.5330/20 area ahead of US Payrolls.
GBP/USD softer ahead of US releases
The pair continues to trade in 4-month lows in the 1.5230/20 area while market participants get ready for the release of US Non-farm Payrolls, with consensus seeing the US economy to have added more than 200K jobs during last month.
Positive results in the US docket today could see spot testing the key support at 1.5200, adding to the recent weakness sparked by lower-than-expected indicators in the UK economy.
GBP/USD levels to watch
As of writing the pair is losing 0.19% at 1.5228 with the immediate support at 1.514 (low Sep.4) followed by 1.5200 (psychological level) and then 1.5190 (low Jun.5). On the upside, a breakout of 1.5322 (high Sep.1) would target 1.5409 (high Sep.1) and finally 1.5443 (high Aug.28).
GBP/USD softer ahead of US releases
The pair continues to trade in 4-month lows in the 1.5230/20 area while market participants get ready for the release of US Non-farm Payrolls, with consensus seeing the US economy to have added more than 200K jobs during last month.
Positive results in the US docket today could see spot testing the key support at 1.5200, adding to the recent weakness sparked by lower-than-expected indicators in the UK economy.
GBP/USD levels to watch
As of writing the pair is losing 0.19% at 1.5228 with the immediate support at 1.514 (low Sep.4) followed by 1.5200 (psychological level) and then 1.5190 (low Jun.5). On the upside, a breakout of 1.5322 (high Sep.1) would target 1.5409 (high Sep.1) and finally 1.5443 (high Aug.28).