GBP/USD Picks Up Pace, 1.44 Closer

GBP/USD Picks Up Pace, 1.44 Closer

19 April 2016, 15:57
Roberto Jacobs
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GBP/USD Picks Up Pace, 1.44 Closer

The sterling has now accelerated its upside momentum, taking GBP/USD to the vicinity of the critical barrier at 1.4400 the figure.

GBP/USD stronger ahead of Carney

Spot is trading at shouting distance from the 1.4400 handle after another poor results from the US calendar, where both Building Permits and Housing Starts have disappointed initial forecasts during the month of March.

GBP keeps its buoyancy today, lifting the pair for the second straight session ahead of the speech by BoE M.Carney and tomorrow’s key UK labour market figures

GBP/USD levels to consider

As of writing the pair is up 0.76% at 1.4386 and a breakout of 1.4442 (100-day sma) would aim for 1.4460 (high Mar.30) and then 1.4517 (high Mar.18). On the other hand, the immediate support aligns at 1.4173 (50% Fibo of 1.3833-1.4517) ahead of 1.4088 (low Apr.14) and then 1.4004 (low Apr.6).


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