The GBP is trading higher against the U.S.dollar throughout the day, GBP/USD hit 1.6471 top during the European session, which
is the highest level since January 3rd.
The pair should find support at 1.6338, the low of January 6th and resistance
at 1.6533, the high of December 30, 2013. The ADP nonfarm payrolls rose by 238,000 inDecember, better than expectations for an increase of 200,000. November’s
figure was revised up to a gain of 229,000 from a previously reported increase
of 215,000.Traders should wait the minutes of the FEDDecember meeting, due for release later today, and we will have extra
volatility at that time. I have placed a sell order at 1.6476 and I hopewill catch some correction.
is the highest level since January 3rd.
The pair should find support at 1.6338, the low of January 6th and resistance
at 1.6533, the high of December 30, 2013. The ADP nonfarm payrolls rose by 238,000 inDecember, better than expectations for an increase of 200,000. November’s
figure was revised up to a gain of 229,000 from a previously reported increase
of 215,000.Traders should wait the minutes of the FEDDecember meeting, due for release later today, and we will have extra
volatility at that time. I have placed a sell order at 1.6476 and I hopewill catch some correction.
