21 Nov 2013
GBP/USD at daily highs
FXstreet.com (Córdoba) - The GBP/USD picked up momentum and rose to fresh daily highs ahead of the NY opening, underpinned by UK CBI Industrial Trends Survey.
GBP/USD lifted by UK industrial survey
After bouncing from levels sub-1.6100, the Cable rallied toward a daily high of 1.6140 after data showed UK CBI industrial survey rose much more than expected in November (11 vs 0 expected). At time of writing, GBP/USD is trading at the 1.6130 area, recording a 0.2% gain Thursday.
GBP/USD levels to watch
In terms of technical levels, if GBP/USD breaks above 1.6140 it could attempt to surpass 1.6177 (Nov 20 high) and then 1.6200 (psychological level). On the other hand, immediate supports are seen at 1.6072 (daily low) and 1.6060/65 (21- and 50-day SMA crossover).
GBP/USD lifted by UK industrial survey
After bouncing from levels sub-1.6100, the Cable rallied toward a daily high of 1.6140 after data showed UK CBI industrial survey rose much more than expected in November (11 vs 0 expected). At time of writing, GBP/USD is trading at the 1.6130 area, recording a 0.2% gain Thursday.
GBP/USD levels to watch
In terms of technical levels, if GBP/USD breaks above 1.6140 it could attempt to surpass 1.6177 (Nov 20 high) and then 1.6200 (psychological level). On the other hand, immediate supports are seen at 1.6072 (daily low) and 1.6060/65 (21- and 50-day SMA crossover).