12 Jan 2015
GBP/USD finds support below 1.5100
FXStreet (Córdoba) - GBP/USD briefly slid below 1.5100 and hit fresh daily lows during the European session as the greenback recovered early losses.
GBP/USD reached a 6-day high of 1.5193 at the weekly opening as the dollar extended post-NFP weakness, but it failed to hold gains and fell nearly 100 pips to hit a low of 1.5097 before finding support. Cable has managed to recover from lows and it is currently trading at 1.5150, still a few pips below Friday’s close.
With no first-tier data scheduled for the rest of the day, the pair may enjoy a phase of consolidation ahead of a UK batch due tomorrow, including December’s CPI.
GBP/USD technical levels
As for technical levels, GBP/USD could find next supports at 1.5097 (daily low), 1.5076 (Jan 9 low) and 1.5033 (18-month low Jan 8). On the other hand, resistances could be found at 1.5200 (psychological level), 1.5273 (Jan 6 high) and 1.5288 (10-day SMA).
GBP/USD reached a 6-day high of 1.5193 at the weekly opening as the dollar extended post-NFP weakness, but it failed to hold gains and fell nearly 100 pips to hit a low of 1.5097 before finding support. Cable has managed to recover from lows and it is currently trading at 1.5150, still a few pips below Friday’s close.
With no first-tier data scheduled for the rest of the day, the pair may enjoy a phase of consolidation ahead of a UK batch due tomorrow, including December’s CPI.
GBP/USD technical levels
As for technical levels, GBP/USD could find next supports at 1.5097 (daily low), 1.5076 (Jan 9 low) and 1.5033 (18-month low Jan 8). On the other hand, resistances could be found at 1.5200 (psychological level), 1.5273 (Jan 6 high) and 1.5288 (10-day SMA).