FXStreet — The further selling pressure against the Greenback the GBP/USD to a daily high in the mid-1,1200 rise.
GBP/USD benefited from the USD sales
The Pair extends its recovery from yesterday’s 1,1170/65 Deep, which has been formed before the FOMC meeting minutes. The Pair is rising for the second week in a row, and the trade of the critical 1,1300 approaches.
The USD extended its recent gains over 97,00. The US Dollar Index, which represents the strength of the USD against 6 major rivals, fell with the FOMC meeting minutes. The politicians said they need more data to see whether the recent slowdown is only temporary, since only the tightening of monetary policy can be continued.
From Europe, there are today no data. However, from the US to come in the afternoon, the initial jobless claims, wholesale inventories and FOMC L. Brainard (permanent voters, centrist) speech.
• EUR/USD remains in the short term consolidating — Commerzbank
• GBP/USD speculation to Test the 1.1300 fall — UOB
EUR/USD significant levels
Currently, the days income is 0.19 % in the case of 1,1240 and the next Resistances lie at 1,1250 (High-25. May), 1,1267 (2017 High 23. May) and 1.1300 (High-9. November 2016). On the other hand, supports are located at 1,1167 (Deep 24. May), 1,1073 (76,4 % Fibo of 1,1300-1,0339) and 1,1023 (20-day SMA).
** FXStreet News Editorial, FXStreet**