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Forex: GBP/USD eyes 1.5450 as sentiment sharpens

FXstreet.com (Barcelona) - The sterling continues to march higher on Thursday, after the upbeat tone from the GDP figures during the first quarter.

“The GDP figure has lifted the triple dip recession cloud hanging over the UK since the start of the year and finally freed the reigns that have been holding sterling back in the markets. The news is very encouraging for the UK economy, particularly as we have seen signs of a slowdown in Europe, the US and China. The boost in growth, although not exceptional, will give the economy and UK investors a much-needed confidence boost”, commented Alistair Cotton, Senior Analyst at Currencies Direct.

At the moment, the cross is gaining 1.11% at 1.5439 with the next resistance at 1.5452 (high Feb.20) followed by 1.5544 (high Feb.14) and then 1.5550 (high Feb.15).
On the flip side, a breakdown of 1.5270 (MA21d) would open the door to 1.5265 (hourly lows Apr.25) en route to 1.5227 (low Apr.24).

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Forex: USD/JPY trading at support at 99.17/21

The USD/JPY has been unevenly navigating negative territory Thursday, failing to pare any of its losses as of European trading. With a sizable amount of economic data left on tap later today, the pair is trading at 99.17/21 in these moments, incurring a loss of -0.32% off its opening.
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