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Forex: GBP/USD keeps pushing higher, eyes on 1.5100

Buying interest plus the triggering of stop-orders are pushing the sterling to the boundaries of the ley level at 1.5100 on Thursday, as the risk appetite is spiraling among traders.
Fanning the flames, the sell-off in the USD is intensifying at the same time, fuelling the upside.

At the moment, the cross is up 1.11% at 1.5087 with the next resistance at 1.5148 (MA21d) ahead of 1.5156 (high Mar.6).
On the flip side, a breach of 1.4892 (low Mar.13) would expose 1.4832 (low Mar.12).

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The euro hit yet a lower low versus the dollar on Thursday as the shared currency was weighed by disappointing EMU employment data. However, the pair reversed losses during the American session as lower-than-expected jobless claims boosted risk appetite among financial markets, offsetting the negative effect of the growing divergence between the US and the eurozone economies.
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