10 Feb 2015
GBP/USD remains capped by 1.5275
FXStreet (Córdoba) - The pound managed to recover from below 1.5200 against the dollar but the upside was capped by the 1.5275 zone, confining GBP/USD to a phase of consolidation over the last hours.
In the absence of news and with only second-tier data in the US calendar, GBP/USD and other major pairs enjoyed a quiet American session, consolidating within familiar ranges. Cable was last trading at the 1.5250 area, recording a 0.26% gain on the day.
GBP/USD levels to watch
In terms of technical levels, GBP/USD could find immediate resistances at 1.5275 (daily high), 1.5300 (psychological level) and 1.5351 (Feb 6 high). On the other hand, supports are seen at 1.5195 (daily low), 1.5168 (10-day SMA) and 1.5138 (Feb 4 low).
In the absence of news and with only second-tier data in the US calendar, GBP/USD and other major pairs enjoyed a quiet American session, consolidating within familiar ranges. Cable was last trading at the 1.5250 area, recording a 0.26% gain on the day.
GBP/USD levels to watch
In terms of technical levels, GBP/USD could find immediate resistances at 1.5275 (daily high), 1.5300 (psychological level) and 1.5351 (Feb 6 high). On the other hand, supports are seen at 1.5195 (daily low), 1.5168 (10-day SMA) and 1.5138 (Feb 4 low).