During the Monday’s trading hours, the GBP/USD pair declined towards its support line and during today’s Asian session broke through. The British pound weakened against the U.S. Dollar to one week low before tomorrow’s U.K. labour data. Due to the fact that there are no important economic releases today, we should pay attention to the raising speculation over the upcoming U.K. Claimant Count Change which is expected to slightly decrease. On the other hand, we may see a reversal on the pair as Sterling can benefit from Euro depreciation before Thursday’s ECB meeting. The movement is slightly bearish. The support line is found at 1.5030 and resistance line at 1.5195.
January 20, 2015 – Forex News
During the Monday’s trading hours, the GBP/USD pair declined towards its support line and during today’s Asian session broke through. The British pound weakened against the U.S. Dollar to one week low before tomorrow’s U.K. labour data. Due to the fact that there are no important economic releases today, we should pay attention to the raising speculation over the upcoming U.K. Claimant Count Change which is expected to slightly decrease. On the other hand, we may see a reversal on the pair as Sterling can benefit from Euro depreciation before Thursday’s ECB meeting. The movement is slightly bearish. The support line is found at 1.5030 and resistance line at 1.5195.
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