7 Jan 2015
GBP/USD falls below 1.5100 to fresh 17-month low
FXStreet (Córdoba) - GBP/USD broke below 1.5100 and dropped to 1.5066 reaching levels last seen in June 2013. The pair remain near the lows, falling for the fourth day in a row. Since the beginning of the year cable lost almost 500 pips.
The US dollar remained strong across the board after the ADP report and ahead of the release of the FOMC minutes. European currencies were among the weakest on Wednesday.
GBP/USD technical levels
To the upside resistance levels could now lie at 1.5100, 1.5125 and 1.5155 (daily high). On the opposite direction support might lie at 1.5060, 1.5020 and 1.5000.
The US dollar remained strong across the board after the ADP report and ahead of the release of the FOMC minutes. European currencies were among the weakest on Wednesday.
GBP/USD technical levels
To the upside resistance levels could now lie at 1.5100, 1.5125 and 1.5155 (daily high). On the opposite direction support might lie at 1.5060, 1.5020 and 1.5000.