4 Dec 2013
GBP/USD retests daily lows
FXstreet.com (Córdoba) - The GBP/USD fell to retest daily lows as the greenback strengthened after the latest string of US data.
The USD rose across the board after the ADP employment report showed the US private sector added 215,000 new jobs in November while the trade deficit shrank to $40.64 billion in October. The GBP/USD came under pressure and dropped to the bottom-side of today's range at the 1.6325 zone.
GBP/USD technical levels
The GBP/USD is currently trading at the 1.6340 zone, recording a % loss on the day, with immediate supports seen at 1.6325 (daily low), 1.6313 (Nov 29 low) and 1.6290 (200-hour SMA). On the other hand, resistances are seen at 1.6396 (daily high), 1.6435 (Dec 3 high) and 1.6441 (2013 high Dec 2).
The USD rose across the board after the ADP employment report showed the US private sector added 215,000 new jobs in November while the trade deficit shrank to $40.64 billion in October. The GBP/USD came under pressure and dropped to the bottom-side of today's range at the 1.6325 zone.
GBP/USD technical levels
The GBP/USD is currently trading at the 1.6340 zone, recording a % loss on the day, with immediate supports seen at 1.6325 (daily low), 1.6313 (Nov 29 low) and 1.6290 (200-hour SMA). On the other hand, resistances are seen at 1.6396 (daily high), 1.6435 (Dec 3 high) and 1.6441 (2013 high Dec 2).