Forex: GBP/USD rebounds slightly off lows to 1.5642/45

The GBP/USD is trading in negative territory Wednesday after peaking near the 1.5800 region during yesterdays trading session – indeed that level now seems like a distant memory as the pair is entrenched in negative territory at 1.5642/45 dung European trading.

In the United Kingdom, the Halifax House Prices (MoM) has reported a loss of -0.2% in the month of January, in line with consensus expectations. Moreover, the Halifax House Prices (3m/YoY) grew +1.3% in January, missing is estimates that called for a climb of +1.5%.

After recording a loss of -0.09% Wednesday, the Mataf.net analyst team points to supportive means of correction at 1.5587, onto 1.5522, and finally 1.5413. Conversely, a prolonged jump above the 1.5761 handle will trigger resistive measures at 1.5870 and eventually 1.5935.