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1 Apr 2015
GBP/USD jumped to 1.4800; but it found resistance
FXStreet (Tokyo) - The Sterling was trading higher against the US Dollar following the big miss in the US ADP private employment report for March. After a 45-pip jump after the data, the GBP/USD tested the 1.4800 area. However, it was sold.
Big miss in the ADP private employment with 189K new private payrolls created in March; the lowest number since May 2014; February data was revised 2K up to 214K.
Currently, GBP/USD is trading at 1.4777, down 0.25% on the day, having posted a daily high at 1.4874 and low at 1.4740. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
If the pair extends gains above 1.4800, it will find resistances at 1.4850 and 1.4900. To the downside, supports are at 1.4740, 1.4720 and 1.4700.
Big miss in the ADP private employment with 189K new private payrolls created in March; the lowest number since May 2014; February data was revised 2K up to 214K.
Currently, GBP/USD is trading at 1.4777, down 0.25% on the day, having posted a daily high at 1.4874 and low at 1.4740. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
If the pair extends gains above 1.4800, it will find resistances at 1.4850 and 1.4900. To the downside, supports are at 1.4740, 1.4720 and 1.4700.