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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 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

  • Market Data
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