- The dollar cuts intraday losses and is approaching recent highs throughout the market.
- GBP / USD remains above 1.4100, still with some downward pressure.
GBP / USD is trading around 1.4120, in positive territory for the day, albeit far from the highs. The pair climbed to 1.4140, but then changed direction and descended to test daily lows at the 1.4100 area, managing to stay above.
Downward pressures remain dominant, although the dollar’s buoyant moment has waned. Should it break below 1.4100, there could be a downward acceleration. The next support is at 1.4075 and then 1.4045. To the upside, above 1.4165 the tone in favor of the dollar could disappear.
The dollar closed with gains throughout the market on Wednesday, after having prolonged the raises after the Federal Reserve minutes. The dollar index reached 90.25 and operates in the 90.00 / 05 zone. The tax came from the rise in yields on Treasury bonds.
In the US, the weekly report of unemployment benefit requests, the index Philly Fed and the consumer confidence data (Conference Board). Also speaking will be Dallas Fed Chairman Robert Kaplan.
Technical levels
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