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Weaker than expected UK GDP, that was release this morning, proved to be just another dip buying opportunity in Cable. Decline to 1.5175 was short-lived and the pair was back to pre-release levels in less than one hour.
The pair made new high and flirted with 1.53 before US open. It is now breaking above the big level, after stream of bleak data from the States continues with Richmond Manufacturing Index (-3 vs. -2 expected) and CB Consumer Confidence (95.2 vs. 102.6 expected).
There's some immediate resistance at 1.5325, before 1.5350 - 1.5355 (50's level, Daily Resistance 2) and then stronger at 1.5400 - 1.5410 (00's level, Weekly Resistance 2).
The pair made new high and flirted with 1.53 before US open. It is now breaking above the big level, after stream of bleak data from the States continues with Richmond Manufacturing Index (-3 vs. -2 expected) and CB Consumer Confidence (95.2 vs. 102.6 expected).
There's some immediate resistance at 1.5325, before 1.5350 - 1.5355 (50's level, Daily Resistance 2) and then stronger at 1.5400 - 1.5410 (00's level, Weekly Resistance 2).
