19 Jun 2015
GBP/USD takes back intraday losses
FXStreet (Córdoba) - FX market remains quiet after a busy week, with major pairs trading in consolidation patterns. GBP/USD staged a mild correction on Friday after the steep advance found interim resistance at the 1.5930 zone the previous day.
Cable pulled back from a 7-month peak of 1.5929 but found support at 1.5835 and recovered intraday losses. At time of writing, GBP/USD is trading at 1.5894, a few pips above its opening price.
GBP/USD levels to watch
In terms of technical levels, on the upside, next resistance levels are seen at 1.5929 (Jun 18 high), 1.5944 (Nov 11 2014 high) and 1.5996 (Nov 6 2014 high). On the downside, supports could be found at 1.5834 (Jun 19 low), 1.5805 (Jun 18 low) and 1.5731 (100-hour SMA).
Cable pulled back from a 7-month peak of 1.5929 but found support at 1.5835 and recovered intraday losses. At time of writing, GBP/USD is trading at 1.5894, a few pips above its opening price.
GBP/USD levels to watch
In terms of technical levels, on the upside, next resistance levels are seen at 1.5929 (Jun 18 high), 1.5944 (Nov 11 2014 high) and 1.5996 (Nov 6 2014 high). On the downside, supports could be found at 1.5834 (Jun 19 low), 1.5805 (Jun 18 low) and 1.5731 (100-hour SMA).