3 Jul 2013
GBP/USD consolidates below 1.5300
FXstreet.com (Córdoba) - The GBP/USD lost momentum and settled in a range during the afternoon trade in New York as US markets close earlier ahead of the Jul 4 holiday.
After peaking at 1.5302, GBP/USD found sellers and pulled back below the 1.5300 mark, having spent the last hours consolidating gains within the 1.5250/1.5290 area. At time of writing, GBP/USD is trading at the 1.5280 zone, recording a 0.8% gain on the day.
GBP/USD technical levels
In terms of technical levels, immediate resistance for the cross line up at 1.5300/05 (daily highs/psychological level/200-hour SMA) and 1.5320 (10-day SMA). On the other hand, supports could be found at 1.5210 (100-hour SMA) and 1.5130 (daily low).
After peaking at 1.5302, GBP/USD found sellers and pulled back below the 1.5300 mark, having spent the last hours consolidating gains within the 1.5250/1.5290 area. At time of writing, GBP/USD is trading at the 1.5280 zone, recording a 0.8% gain on the day.
GBP/USD technical levels
In terms of technical levels, immediate resistance for the cross line up at 1.5300/05 (daily highs/psychological level/200-hour SMA) and 1.5320 (10-day SMA). On the other hand, supports could be found at 1.5210 (100-hour SMA) and 1.5130 (daily low).