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Forex: GBP/USD breached 1.5400

FXstreet.com (Barcelona) - The sterling is navigating the area below the key 1.5400 handle on Friday, trimming gains from overnight highs in the vicinity of 1.5415/20.

Light docket ahead in the day for the pound, as only the CB Leading Economic Index will be released. Across the pond, the US Retail Sales will be in the limelight ahead of a speech by Chairman Bernanke.

GBP/USD is now up 0.03% at 1.5390 and a surpass of 1.5412 (high Apr.11) would expose 1.5426 (38.2% of Jan – Mar slide) and finally 1.5452 (high Feb.20).
On the downside, support levels lie at 1.5319 (hourly low Apr.11) ahead of 1.5294 (low Apr. 10) and then 1.5255 (MA10d).

Forex: EUR/USD challenges 1.3100

The single currency is correcting lower on Friday, hovering over the key support at 1.3100 after the Wholesale Prices in the German economy came in softer in March. In fact, prices contracted 0.2% on a...
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