Forex: GBP/USD rebounds towards 1.5155/61

FXstreet.com (Barcelona) - The GBP/USD easing has bottomed out at the 1.5135 region during US trading, after which a subsequent recovery has been initiated in recent minutes. After investors digest the steady release of US data Thursday, the pair is operating at 1.5155/61 in these moments, up +0.36%.

Mataf.net analysts point to resistances at 1.5185, onto 1.5266, and finally 1.5345. Conversely, a paring of recent gains and a subsequent move to the downside will result in GBP/USD testing calculated support at 1.5025, ahead of 1.4946, and 1.4865.

Earlier in the United States, the Housing Price Index (MoM) yielded a result of +0.6% in January, vs. a consensus of +0.7%. Meanwhile, the CB Leading indicator (MoM) has grown +0.5% in February, beating estimates of only +0.4%. Finally, the Philadelphia Fed Manufacturing Survey (March), has yielded a result of 2.0, against expectations of -2.0.

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