25 Jul 2013
GBP/USD nears daily highs
FXstreet.com (Córdoba) - The GBP/USD picked up momentum during the American afternoon and reached fresh session highs as the greenback’s selloff intensified.
GBP/USD stalls around 1.5365
The Cable extended its recovery from the 1.5260 area where it bottomed earlier as investors were not satisfied with the UK Q2 GDP. However, GBP/USD found resistance at the 1.5370 area most recently, and settled in a range.
GBP/USD technical levels
At time of writing, GBP/USD is trading around 1.5360, up 0.3% on the day, but still below its daily peak of 1.5383. As for technical levels, immediate resistances are seen at 1.5383 (daily high) and 1.5390 (Jul 23 high), while supports line up at 1.5325 (21-hour SMA) and 1.5290 (Jul 24 low).
GBP/USD stalls around 1.5365
The Cable extended its recovery from the 1.5260 area where it bottomed earlier as investors were not satisfied with the UK Q2 GDP. However, GBP/USD found resistance at the 1.5370 area most recently, and settled in a range.
GBP/USD technical levels
At time of writing, GBP/USD is trading around 1.5360, up 0.3% on the day, but still below its daily peak of 1.5383. As for technical levels, immediate resistances are seen at 1.5383 (daily high) and 1.5390 (Jul 23 high), while supports line up at 1.5325 (21-hour SMA) and 1.5290 (Jul 24 low).