GBP/USD struggling around 1.5200
FXStreet (Córdoba) – GBP/USD came under renewed pressure on Thursday, extending losses into a fifth consecutive day, and stood near lows just above the 1.52 mark following the release of the latest string of US data.
US initial jobless claims rose by 3,000 to 267,000 in the latest week, below the 271,000 expected. Meanwhile, durable goods orders fell 2.0% in Aug as expected and excluding transportation orders were flat versus 0.1% of forecast. Chicago Fed national activity index dropped to -0.41 in August from +0.51 the previous month.
GBP/USD barely moved following data but the pound remains as one of the worst performers of the week struggling to hold above the 1.5200 level. Having lost more than 450 pips since Friday when it peaked at 1.5658, GBP/USD is currently trading at 1.5205, recording a 0.24% loss on the day.
GBP/USD levels to watch
As for technical levels, next supports are seen at 1.5164 (Sep 4 low) , 1.5149 (May 6 low) and 1.5100 (psychological level). On the upside, resistances line up at 1.5284 (Sep 24 high), 1.5337 (200-day SMA) and 1.5365 (Sep 23 high).
GBP/USD came under renewed pressure on Thursday, extending losses into a fifth consecutive day, and stood near lows just above the 1.52 mark following the release of the latest string of US data.
(Market News Provided by FXstreet)