The sterling is following the rest of the risk-associated assets on Monday, trading on the back foot after the tepid data from the Chinese economy.
More than interesting week for the sterling ahead, as consumer prices are due tomorrow, followed by the BoE minutes and jobless rate on Wednesday and retail sales on Thursday.
As of writing, GBP/USD is losing 0.15% at 1.5320 facing the next support at 1.5294 (low Apr.10) followed by 1.5270 (MA10d) and then 1.5251 (low Apr.9).
On the other hand, a surpass of 1.5341 (low Apr.12) would target 1.5409 (high Apr.12) en route to 1.5412 (high Apr.11).
--> More than interesting week for the sterling ahead, as consumer prices are due tomorrow, followed by the BoE minutes and jobless rate on Wednesday and retail sales on Thursday.
As of writing, GBP/USD is losing 0.15% at 1.5320 facing the next support at 1.5294 (low Apr.10) followed by 1.5270 (MA10d) and then 1.5251 (low Apr.9).
On the other hand, a surpass of 1.5341 (low Apr.12) would target 1.5409 (high Apr.12) en route to 1.5412 (high Apr.11).
GBP/USD Apr 15 at 06:47 GMT
1.5318/20 (-0.17%)
H1.5387 L 1.5309
| S3 | S2 | S1 | R1 | R2 | R3 |
|---|---|---|---|---|---|
| 1.5227 | 1.5266 | 1.5304 | 1.5377 | 1.5415 | 1.5454 |
| Trend Index[?] | OB/OS Index[?] |
|---|---|
| Data updated on Apr 15 a 06:45 (15-minute timeframe) | |
| Slightly Bearish | Neutral |
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