Back
25 Jun 2013
GBP/USD hovering over 1.5400
FXstreet.com (Córdoba) - The GBP/USD bounced from lows after briefly dipping below the 1.5400 mark in the wake of better-than-expected US data.
GBP/USD enters in a consolidation phase
After touching a low of 1.5396 amid strong US indicators, GBP/USD found support and settled in a slim range just above 1.5400. GBP/USD is currently trading at the 1.5415 area, where it is still down 0.1% on the day.
In terms of technical levels, if GBP/USD extends its recovery past 1.5420/30, next resistances are seen at 1.5475 (daily high) and 1.5500 (psychological level), while on the other hand, supports could be found at 1.5396 (daily low) and 1.5315 (100-day SMA).
GBP/USD enters in a consolidation phase
After touching a low of 1.5396 amid strong US indicators, GBP/USD found support and settled in a slim range just above 1.5400. GBP/USD is currently trading at the 1.5415 area, where it is still down 0.1% on the day.
In terms of technical levels, if GBP/USD extends its recovery past 1.5420/30, next resistances are seen at 1.5475 (daily high) and 1.5500 (psychological level), while on the other hand, supports could be found at 1.5396 (daily low) and 1.5315 (100-day SMA).