6 Apr 2015
GBP/USD backs away from highs
FXStreet (Córdoba) - GBP/USD continued to move higher and approached to the 1.50 mark at the beginning of the American session, although it lost momentum and pulled back slightly from highs.
Cable extended gains to a fresh 11-day high of 1.4980 as the dollar continued to suffer following a dismal job report, but found resistance and retreated toward the 1.4960 area. At time of writing, the pair is trading at 1.4965, still up 0.34% on the day.
GBP/USD supports & resistances
In terms of technical levels, GBP/USD could find immediate supports at 1.4945 (Apr 3 high), 1.4900/1.4897 (psychological level/daily low) and 1.4881 (21-day SMA). On the flip side, resistances line up at 1.4980 (daily high), 1.5000 (psychological level) and 1.5008 (Mar 19 high).
Cable extended gains to a fresh 11-day high of 1.4980 as the dollar continued to suffer following a dismal job report, but found resistance and retreated toward the 1.4960 area. At time of writing, the pair is trading at 1.4965, still up 0.34% on the day.
GBP/USD supports & resistances
In terms of technical levels, GBP/USD could find immediate supports at 1.4945 (Apr 3 high), 1.4900/1.4897 (psychological level/daily low) and 1.4881 (21-day SMA). On the flip side, resistances line up at 1.4980 (daily high), 1.5000 (psychological level) and 1.5008 (Mar 19 high).