8 Jul 2015
GBP/USD stays at 1-month lows
FXStreet (Córdoba) - GBP/USD extended losses into a second day on Wednesday and scored fresh 1-month lows as the dollar benefited in a risk-off environment prevailing in financial markets.
GBP/USD dropped to its lowest level since Jun 9 at 1.5351 before finding support. However, the subsequent bounce was capped by the 1.5385 zone, confining the pair to a phase of consolidation in a tight range
GBP/USD levels to watch
In terms of technical levels, GBP/USD could find next supports at 1.5351 (Jul 8 low), 1.5300 (psychological level) and 1.5270 (100-day SMA). On the flip side, resistances are seen at 1.5400 (psychological level), 1.5443 (200-day SMA) and 1.5466 (200-day SMA).
GBP/USD dropped to its lowest level since Jun 9 at 1.5351 before finding support. However, the subsequent bounce was capped by the 1.5385 zone, confining the pair to a phase of consolidation in a tight range
GBP/USD levels to watch
In terms of technical levels, GBP/USD could find next supports at 1.5351 (Jul 8 low), 1.5300 (psychological level) and 1.5270 (100-day SMA). On the flip side, resistances are seen at 1.5400 (psychological level), 1.5443 (200-day SMA) and 1.5466 (200-day SMA).