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USD selling lifts GBP, GBP/USD eyes resistance by 1.4870 pre-NFP

Source: Thomson Reuters Spate of USD selling lifts GBP from 1.4825 to 1.4866, then pares some gains to 1.4845 1.4870 area has seen significant offers since Mar 31 USTs rally back to flat on the day ahead of US NFP data r…

By Jay L. Zagorsky
1 min read
USD selling lifts GBP, GBP/USD eyes resistance by 1.4870 pre-NFP
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Source: Thomson Reuters


  • Spate of USD selling lifts GBP from 1.4825 to 1.4866, then pares some gains to 1.4845

  • 1.4870 area has seen significant offers since Mar 31

  • USTs rally back to flat on the day ahead of US NFP data release 

  • Resistance ahead at 1.4885 the 21-DMA, then 1.4990/00 late Mar high area

  • Support lies at 1.4812 today's low, followed by 1.4740 the Apr 1 low

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