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GBP/USD under pressure after US ADP data, 55-DMA in focus

Wednesday, March 4, 2015 1:37 PM UTC

GBP/USD under strain after US ADP data from resurgent bid for USDs
Decline very slow despite break 21-DMA and into daily cloud
Bids into 55-DMA 1.5310 stops below, GBP elevated on crosses, traders long pounds
Current 1.5322 lows exceeds 1.5324 38.2% 1.49852-1.5554 rise

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GBP/USD under pressure after US ADP data, 55-DMA in focus

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