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4 Dec 2014
GBP/USD jumps to 1.5725 amid USD weakness
FXStreet (San Francisco) - The British Pound is enjoying the environment of weakness for the dollar since the GBP / USD is testing daily highs at 1.5725 following a positive move of 80 pips after the speech of Mario Draghi.
Currently, GBP/USD is trading at 1.5721, up 0.23% on the day, having posted a daily high at 1.5728 and low at 1.5643. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
GBP/USD Sentiment
The GBP/USD is rising as the US dollar plummets across the board. European stocks closed sharply lower while US stocks are in its way to post first decline in 3 days.
Above 1.5725, the GBP/USD will find next resistances at 1.5740, 1.5760 and 1.5800. To the downside, supports are at 1.5700, 1.5680 and 1.5640.
Currently, GBP/USD is trading at 1.5721, up 0.23% on the day, having posted a daily high at 1.5728 and low at 1.5643. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
GBP/USD Sentiment
The GBP/USD is rising as the US dollar plummets across the board. European stocks closed sharply lower while US stocks are in its way to post first decline in 3 days.
Above 1.5725, the GBP/USD will find next resistances at 1.5740, 1.5760 and 1.5800. To the downside, supports are at 1.5700, 1.5680 and 1.5640.