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14 Feb 2013
Forex: GBP/USD goes under 1.5500
The GBP/USD had already breached below the 1.5500 handle during the London morning, to 1.5492 low, but the psychological level pulled the market back up for the rest of the period. Now, as the US leads the FX market, the pair went under again, and is extending losses (to 1.5483, as of writing).
Initial jobless claims in the US came in lower than expected, at 341K instead of the 360K consensus. Continuing claims also improved, at 3.114M instead of the 3.200M expected.
"Technical readings in the hourly chart mostly flat as per the lack of interest around this level. 20 SMA acts as short term resistance around 1.5520, while daily low has been set so far at 1.5490, immediate support", wrote Fxstreet.com indepedent analyst Valeria Bednarik, pointing to other supports at 1.5445 and 1.54410.
Initial jobless claims in the US came in lower than expected, at 341K instead of the 360K consensus. Continuing claims also improved, at 3.114M instead of the 3.200M expected.
"Technical readings in the hourly chart mostly flat as per the lack of interest around this level. 20 SMA acts as short term resistance around 1.5520, while daily low has been set so far at 1.5490, immediate support", wrote Fxstreet.com indepedent analyst Valeria Bednarik, pointing to other supports at 1.5445 and 1.54410.