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GBP/USD back to positive figures, regains 1.5260

FXStreet (Edinburgh) - After bottoming out in the 1.5200 neighbourhood in early trade, GBP/USD has managed to gather traction and advance towards 1.5265/70.

GBP/USD supported around 1.5200

The pair is snapping a 4-session negative streak today, mostly backed by the renewed offered tone around the dollar. The solid performance of the euro via EUR/GBP has been also intensifying the selling momentum around the pound, collaborating as well with the pair’s intraday correction lower.

There are no scheduled releases in the UK economy on Friday, whereas the final revision of the US GDP figures during the second quarter and Fedspeak will take centre stage and add volatility from the USD-side of the equation.

GBP/USD significant levels

As of writing the pair is up 0.21% at 1.5277 with the next hurdle at 1.5300 (psychological mark) followed by 1.5364 (high Sep.23) and then 1.5521 (high Sep.22). On the downside, a breach of 1.5201 (low Sep.24) would open the door to 1.5171 (low Sep.7) and finally 1.5089 (low May 6).

EUR/USD neutral, between the Fed and the ECB - BTMU

According to the Global Markets Research Team at The Bank of Tokyo-Mitsubishi UFJ the bias in EUR/USD remains neutral, with price likely to remain between 1.1050 and 1.1450.
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