17 Mar 2015
GBP/USD hits fresh lows below 1.4800
FXStreet (Córdoba) - The GBP/USD dropped further below 1.4800 and printed a fresh daily low at 1.4750. Currently is trading slightly above the lows after falling 90 pips from the highs during the last five hours after remaining steady since the second half of the American session.
The pound is the worst performer among European currencies on Tuesday. While GBP/USD trades at the lows, near the levels ot closed on Friday, USD/CHF stands at the lowest since last Thursday and EUR/USD is testing yesterday’s highs.
GBP/USD levels to watch
The immediate support lies at 1.4750 (daily low) and below here at 1.4725/30 (Mar 16 low) and 1.4700. On the opposite direction resistance might now be located at 1.4770 (intraday level), 1.4815 and 1.4845 (daily high).
The pound is the worst performer among European currencies on Tuesday. While GBP/USD trades at the lows, near the levels ot closed on Friday, USD/CHF stands at the lowest since last Thursday and EUR/USD is testing yesterday’s highs.
GBP/USD levels to watch
The immediate support lies at 1.4750 (daily low) and below here at 1.4725/30 (Mar 16 low) and 1.4700. On the opposite direction resistance might now be located at 1.4770 (intraday level), 1.4815 and 1.4845 (daily high).