FXstreet.com (Barcelona) – Stronger than expected UK manufacturing and industrial production as well as the trade balance gave a boost on sentiment to the GBP/USD that rallied as high as 1.5549. However, the pair is finding hard to keep above the declining 100-hour moving average, which is taking down the pair as time goes by. The GBP/USD trades at 1.5530 ahead of the American opening.
US earnings season might also improve the mood in the market and help the pair obtain a higher quote. The just released US NFIB Business Optimism Index states a drop from 94.4 to 94.1 in June.
Mataf.net analysts point to resistances at 1.5550, 1.5575 and 1.5620. On the downside, supports might be found at 1.5525, 1.5495 and 1.5460.