TipTVFinance

GBP/USD US session outlook

FX:GBPUSD   British Pound/U.S. Dollar
Resistance - 1.45, 1.4549, 1.4577

Support - 1.4441, 1.44, 1.4344

Cable's retreat from European session high of 1.4524 on the back of a weaker rebound in UK core CPI             followed by an upbeat US data** has increased risk of the pair falling to 1.4441 - 1.4432 (hourly 200-MA) level.

An hourly closing below 1.4432 (hourly 200-MA) would shift risk in favor of the pair testing sub 1.44 levels.

Bears should watch put for a rebound from 1.4441-1.4432 as that could translate into a fresh attempt at 1.4533-1.4549 resistance zone .

**US Data - Consumer prices increased 0.4 percent in April, the biggest gains since February 2013, following a 0.1 percent advance in March.
Federal Reserve Bank of Atlanta's wage growth tracker shows US worker is enjoying their highest wage growth since 2009

Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out