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17 Apr 2014
GBP/USD briefly dips below 1.6800
FXStreet (Córdoba) - The GBP/USD briefly dipped below the 1.6800 mark to retest daily lows as the dollar strengthened slightly in the wake of better-than-expected US jobless claims data.
US jobless claims rose 2,000 to 304,000 in the week ended April 11, beating expectations of 315,000. The GBP/USD dipped to a session low of 1.6796 but quickly bounced back above 1.6800 to trade around 1.6810, up 0.09% on the day. The GBP/USD is staging a pullback from a fresh 4 ½-year high of 1.6841 scored Thursday in the aftermath of solid UK employment figures released the previous day.
GBP/USD technical levels
In terms of technical levels, the GBP/USD could find immediate supports at 1.6790 (Apr 17 low), 1.6730 (10-day SMA) and 1.6700 (psychological level). On the other hand, resistances are seen at 1.6841 (Apr 17 high), 1.6876 (Nov 2009 high) and 1.6900 (psychological level).
US jobless claims rose 2,000 to 304,000 in the week ended April 11, beating expectations of 315,000. The GBP/USD dipped to a session low of 1.6796 but quickly bounced back above 1.6800 to trade around 1.6810, up 0.09% on the day. The GBP/USD is staging a pullback from a fresh 4 ½-year high of 1.6841 scored Thursday in the aftermath of solid UK employment figures released the previous day.
GBP/USD technical levels
In terms of technical levels, the GBP/USD could find immediate supports at 1.6790 (Apr 17 low), 1.6730 (10-day SMA) and 1.6700 (psychological level). On the other hand, resistances are seen at 1.6841 (Apr 17 high), 1.6876 (Nov 2009 high) and 1.6900 (psychological level).