19 Dec 2014
GBP/USD unable to break 1.5680
FXStreet (Córdoba) - GBP/USD bottomed earlier at 1.5615 hitting a fresh daily low but rebounded and rose to test the 1.5680 area that continues to offer resistance. Cable failed to break higher and weakened after Wall Street opening bell.
Currently the pair is approaching daily lows as it trades at 1.5635, down 0.20% for the day.
The currency market remains quiet on Friday, the US dollar is rising modestly across the board, with prices holding near Thursday closing levels.
GBP/USD levels to watch
Yesterday the pair recovered from 1.5539 and the rally stopped barely below 1.5680. Today cable rose during the European session and climbed just one pip above Thursday's highs, but once again the 1.5680 zone stopped the recovery. To the downside, the area around 1.5605 could offer support ahead of 1.5590.
Currently the pair is approaching daily lows as it trades at 1.5635, down 0.20% for the day.
The currency market remains quiet on Friday, the US dollar is rising modestly across the board, with prices holding near Thursday closing levels.
GBP/USD levels to watch
Yesterday the pair recovered from 1.5539 and the rally stopped barely below 1.5680. Today cable rose during the European session and climbed just one pip above Thursday's highs, but once again the 1.5680 zone stopped the recovery. To the downside, the area around 1.5605 could offer support ahead of 1.5590.