GBPUSD
Dow stay above 15000 with support from better job data. This gives boost to USD.
Pound begin to move down after that piece of news at 2200hrs SGT last night.
The German news on factory orders yesterday rose on sign of recovery but did not much movement to the pound.
Today is still a holiday for the French. Similar German Industrial Production report at 1800SGT is expected to be better, but may not move the pound much.
As much there may not be much news to expect a directional movement for the pound.
Looking at technical, from the daily chart, the pound move past below the CCI34, an indicator of a reversal from yesterday downward movement.
Both Fib and the EMA show similar trend of a reversal.
The Fib support is at 1.5425 similar to the EMA100.
As such, I am expecting a good support at 1.5425 today and a resistance at EMA200 at 1.55.
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