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2 Nov 2015
GBP/USD eyes 1.5500 post-data
FXStreet (Edinburgh) - The sterling keeps pushing higher on Monday, now sending GBP/USD to the boundaries of 1.5500 the figure, or session highs.
GBP/USD stronger on data
The pair has advanced further after the final print of the October manufacturing PMI has surprised markets to the upside climbing to 55.5 vs. 51.3 forecasted and September’s 51.5.
Ahead in the week, the Services PMI will be in the limelight followed by the BoE MPC meeting and subsequent minutes.
GBP/USD levels to watch
At the moment, the pair is advancing 0.40% at 1.5489 with the next hurdle at 1.5528 (76.4% Fibo of 1.5659-1.5106) followed by 1.5587 (downtrend from 1.5659) and finally 1.5820 (high Aug.25). On the other hand, a breach of 1.5382 (50% Fibo of 1.5659-1.5106) would aim for 1.5364 (55-day sma) and then 1.5345 (200-day sma).
GBP/USD stronger on data
The pair has advanced further after the final print of the October manufacturing PMI has surprised markets to the upside climbing to 55.5 vs. 51.3 forecasted and September’s 51.5.
Ahead in the week, the Services PMI will be in the limelight followed by the BoE MPC meeting and subsequent minutes.
GBP/USD levels to watch
At the moment, the pair is advancing 0.40% at 1.5489 with the next hurdle at 1.5528 (76.4% Fibo of 1.5659-1.5106) followed by 1.5587 (downtrend from 1.5659) and finally 1.5820 (high Aug.25). On the other hand, a breach of 1.5382 (50% Fibo of 1.5659-1.5106) would aim for 1.5364 (55-day sma) and then 1.5345 (200-day sma).