The Pound has been favoured by better than expected jobless claims data, and the pair's recovery has extended about 40 pips higher from levels around 1.5380 area to hit session high at 1.5420 immediately after claims figures were released.
UK Jobless claims declined by -32.900 in March, beating market consensus, which called for declines by between 8,000 and 10,000 claims. The claimant count rate edged down to 4.8% in march from 4.9% in feb.
At the moment, the pair trades right below session high at 1.5420, with next resistance levels above there, at 1.5435 (Apr 20 high) and 1.5475/85 (intra-day resistance/Apr 12 high). On the downside, below 1.5400, next support levels could be at 1.5335 (session low/Apr 13 low) and below here, 1.5290 (Apr 20 low) and 1.5190 (Apr 19 low).
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