In the wake of a strong data and amid absence of fresh Birexit polls, GBP/USD found bids around 1.4550 and jumped to a high of 1.4600, before retreating slightly to trade around 1.4580 at the time of writing.
US session outlook
Resistance – 1.4590-1.46, 1.4660, 1.47
Support – 1.4530, 1.4468, 1. 44
- The resistance stands at 1.4590-1.46 and Cable’s failure to take out the same in Europe despite strong data and absence of Brexit polls could lead to a fall back to 1.4550-1.4530 levels.
- A break below 1.4530 would shift risk in favor a drop below 1.45 levels.