7 Apr 2014
GBP/USD struggling around 1.6600
FXStreet (Córdoba) - The GBP/USD recovery from post-NFP lows stalled at the 1.6625 area during the New York session, although the subsequent pullback has been contained by the 1.6600 psychological area so far.
Currently, GBP/USD is trading at 1.6605, up 0.19% on the day, having posted a daily high at 1.6623 and low at 1.6564. With the calendar empty for the rest of the session, the Cable may enjoy a phase of consolidation around 1.6600 ahead of tomorrow's UK industrial production and GDP data.
GBP/USD levels to watch
With spot trading at 1.6605, we can see next resistance ahead at 1.6613 (Hourly 200 SMA), 1.6623 (Daily High) and 1.6665 (Apr 2 high). To the downside we see next support at 1.6602/00 (Daily 20 SMA/Psychological Level) and 1.6564 (Daily Low) and 1.6550 (Apr 4 low).
Currently, GBP/USD is trading at 1.6605, up 0.19% on the day, having posted a daily high at 1.6623 and low at 1.6564. With the calendar empty for the rest of the session, the Cable may enjoy a phase of consolidation around 1.6600 ahead of tomorrow's UK industrial production and GDP data.
GBP/USD levels to watch
With spot trading at 1.6605, we can see next resistance ahead at 1.6613 (Hourly 200 SMA), 1.6623 (Daily High) and 1.6665 (Apr 2 high). To the downside we see next support at 1.6602/00 (Daily 20 SMA/Psychological Level) and 1.6564 (Daily Low) and 1.6550 (Apr 4 low).