OctaFX | OctaFX Forex Broker
Open trading account

GBP/USD spikes 1.5480, session tops

FXStreet (Edinburgh) - The buying interest around the sterling has woken up on Monday, lifting GBP/USD to fresh daily peaks in the 1.5480 area.

GBP/USD on its way to 1.55?

The pound is gathering further traction following the opening bell in London, where the FTSE 100 remains the only major index in red so far. After two consecutive sessions with losses, spot is now recovering ground lost and remains on track to challenge 1.5500 the figure, or 3-week peaks.

Nothing from the UK docket today, with the next relevant releases out on Thursday via Retail Sales for the month of September. In the US calendar, the NAHB index is only due today followed by Lacker’s speech.

GBP/USD important levels

As of writing the pair is advancing 0.17% at 1.5463 with the next resistance at 1.5493 (100-day sma) followed by 1.5513 (high Oct.15) and then 1.5567 (38.2% Fibo of 1.7192-1.4563). On the other hand, a breach of 1.5415 (55-day sma) would aim for 1.5107 (low Oct.1) and finally 1.5089 (low May 5).

EUR/USD off-lows, regains hourly 200-SMA

The EUR/USD pair recovers from session and swings back into the positive zone in the European morning, as the European stocks stalled the rally with the focus now turning to the Fed officials’ speeches due later today.
Read more Previous

Speculators increased net bullish positions in WTI oil

Speculators and large traders increased net bullish bets on oil prices for the second week on hopes that falling investment will lead to drop in supply.
Read more Next
Start livechat