25 Sep 2013
GBP/USD boosted by UK data
FXstreet.com (Córdoba) - The GBP/USD picked up steam and climbed back above the 1.6000 level during the European session after data showed UK retail sales rose in September at their fastest pace in 15 months.
GBP/USD back above 1.6000
The Sterling received a boost after the Confederation of British Industry's monthly retail sales monitor rose to a balance of 34 in September, the highest level since June 2012, and up from a reading of 27 in August. GBP/USD jumped after the data and reached a fresh daily high of 1.6040 so far.
GBP/USD technical levels
At time of writing, GBP/USD is trading at the 1.6035, recording a 0.2% gain on the day. As for technical levels, if GBP/USD breaks decisively above 1.6040, next resistances could be found at 1.6072 (Sep 23 high) and 1.6100 (psychological level), while supports are now seen at 1.5980 (daily low) and 1.5955 (Sep 24 low).
GBP/USD back above 1.6000
The Sterling received a boost after the Confederation of British Industry's monthly retail sales monitor rose to a balance of 34 in September, the highest level since June 2012, and up from a reading of 27 in August. GBP/USD jumped after the data and reached a fresh daily high of 1.6040 so far.
GBP/USD technical levels
At time of writing, GBP/USD is trading at the 1.6035, recording a 0.2% gain on the day. As for technical levels, if GBP/USD breaks decisively above 1.6040, next resistances could be found at 1.6072 (Sep 23 high) and 1.6100 (psychological level), while supports are now seen at 1.5980 (daily low) and 1.5955 (Sep 24 low).