GBP/USD after US data correction from the multi-month high

FXStreet – The GBP/USD is building some of its gains to where it is in connection with the good UK retail sales came. After the US economic data it comes to a correction from the multi-month high from the area of the 1,3020.

The weekly US unemployment supports fell in the week to 12. May, 232K, after they were previously at 236K. The Philly Fed manufacturing index increased in may from 22 previously, to 38.8.

Today’s strong US economic data will support the recovery of the Greenback and the US Dollar Index is increasing in the area of the 97,50.

GBP/USD: 1,3030 is still on the Radar – UOB

Important Levels

Over 1,3050, the next Resistances lie at 1,3075-80, 1,3100 and 1,3130. On the other hand, supports are located under 1.30 at 1,2970 and 1,2940.

** FXStreet News Editorial, FXStreet**

Leave a Reply