Weak US Data Pushed GBPUSD Above 1 5200 Level on Thursday 30 05 (updated) - best forex trading education

Weak US Data Pushed GBPUSD Above 1 5200 Level on Thursday 30 05 (updated) ~ best forex trading education

The British Pound Sterling (GBP) reverse hugely from 1.5000 Level to 1.5200 level against American Dollar (USD) on Thursdays North American Trading Session due to some below estimate US Data. The Pound has taken advantage due to disappointing US number like GDP, Employment Rates and Housing numbers. More over, United Kingdom (UK) nationwide HPI rose 0.4% than the estimate of 0.5%.


The US Dollar strongly falls against all major currencies (EURUSD, AUDUSD) due to weak US data. Unemployment report and GDP quarter growth (2.4% than 2.5% estimate) report caused the momentum.

GBPUSD Technical Levels:-

S3	S2	S1	R1	R2	R3
1.5047	1.5111	1.5203	1.5309	1.5432	1.5557

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