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Thomson Reuters
May 04 - 08:36 AM
GBP/USD - Could Catch A Rare Bid If US Earnings Below F/c
First appeared on eFXplus on May 04 - 06:40 AM
  • Scope for some profit-taking on USD longs if US AHE below 2.7% YY f/c
  • AHE will be revealed within April employment report at 1230GMT
  • UK earnings miss helped end GBP/USD bull run to 1.4377 (on Apr 17)
  • 1.3543-1.3580 was GBP/USD range through European am nL1N1SB08H
  • Resistance levels include 1.3630, 1.3652 (post-FOMC high) and 1.3667
  • 1.3630 was Thursday's high (before UK service PMI miss)

GBPUSD: Click here

Source:
Thomson Reuters IFR Markets

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