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27 Jan 2015
GBP/USD rises further after US durable goods orders
FXStreet (Córdoba) - GBP/USD shrugged off below-expectations UK GDP data and pushed above 1.5100 toward fresh daily highs following negative durable goods orders figures.
Cable managed to climb back above 1.5100 and stretched to a fresh daily peak of 1.5165, its highest level since Friday, as the dollar continues to weaken across the board and remains as one of the worst performers of the day.
US durable goods orders fell 3.4% in December versus an increase of 0.4% expected, while excluding transportation orders dropped 0.8% against a 0.6% rise of consensus. Next on tap, US data includes, consumer confidence, new home sales and Markit services PMI.
At time of writing, GBP/USD is trading at 1.5160, recording a 0.54% gain on Tuesday, with immediate resistances seen at 1.5185 (20-day SMA) and 1.5200 (psychological level). On the other hand, supports could be found at 1.5058 (daily low) and 1.5033 (Jan 8 low) ahead of 1.5000 (psychological level).
Cable managed to climb back above 1.5100 and stretched to a fresh daily peak of 1.5165, its highest level since Friday, as the dollar continues to weaken across the board and remains as one of the worst performers of the day.
US durable goods orders fell 3.4% in December versus an increase of 0.4% expected, while excluding transportation orders dropped 0.8% against a 0.6% rise of consensus. Next on tap, US data includes, consumer confidence, new home sales and Markit services PMI.
At time of writing, GBP/USD is trading at 1.5160, recording a 0.54% gain on Tuesday, with immediate resistances seen at 1.5185 (20-day SMA) and 1.5200 (psychological level). On the other hand, supports could be found at 1.5058 (daily low) and 1.5033 (Jan 8 low) ahead of 1.5000 (psychological level).