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8 May 2015
GBP/USD deflates to 1.5420
FXStreet (Edinburgh) - The sterling is now shedding further gains, taking GBP/USD to test the lower end of the range in the 1.5420/15 band.
GBP/USD up on Conservative victory
The pair has clinched fresh highs in levels beyond 1.5500 the figure following the first exit polls forecasts in late Thursday, which were already pointing to a Tory win. The upbeat tone in GBP remains intact however, despite sellers have dragged spot to the current low-1.5400s.
Conservatives need only one more seat to clinch the 326 majority seats, with still 9 seats left. Labour comes second with 229 seats followed by the Scottish National Party with 56 seats.
GBP/USD key levels
The pair is now advancing 1.20% at 1.5429 with the next resistance at 1.5524 (high May 8) ahead of 1.5552 (high Feb.26) and then 1.5600 (psychological level). On the flip side, a breakdown of 1.5245 (low May 8) would open the door to 1.5200 (psychological level) and finally 1.5166 (61.8% of 1.5088-1.5292).
GBP/USD up on Conservative victory
The pair has clinched fresh highs in levels beyond 1.5500 the figure following the first exit polls forecasts in late Thursday, which were already pointing to a Tory win. The upbeat tone in GBP remains intact however, despite sellers have dragged spot to the current low-1.5400s.
Conservatives need only one more seat to clinch the 326 majority seats, with still 9 seats left. Labour comes second with 229 seats followed by the Scottish National Party with 56 seats.
GBP/USD key levels
The pair is now advancing 1.20% at 1.5429 with the next resistance at 1.5524 (high May 8) ahead of 1.5552 (high Feb.26) and then 1.5600 (psychological level). On the flip side, a breakdown of 1.5245 (low May 8) would open the door to 1.5200 (psychological level) and finally 1.5166 (61.8% of 1.5088-1.5292).