7 Jun 2013
GBP/USD back above 1.5500
FXstreet.com (Córdoba) - The GBP/USD has steadied above 1.5500 after briefly piercing below the psychological level on the back off the NFP report.
GBP/USD bottomed out at 1.5486 at the beginning of the NY session, but found support and bounced as the USD retraces gains. At time of writing, GBP/USD is trading at the 1.5525 area, still down 0.4% on the day.
In terms of technical levels, on the upside resistances are seen at 1.5575 (20-hour SMA) and 1.5615 (daily high) ahead of 1.5681 (Jun 6 high). On the downside, supports could be faced at 1.5485 (daily low) and 1.5400/10 (psychological level/Jun 5 high).
GBP/USD bottomed out at 1.5486 at the beginning of the NY session, but found support and bounced as the USD retraces gains. At time of writing, GBP/USD is trading at the 1.5525 area, still down 0.4% on the day.
In terms of technical levels, on the upside resistances are seen at 1.5575 (20-hour SMA) and 1.5615 (daily high) ahead of 1.5681 (Jun 6 high). On the downside, supports could be faced at 1.5485 (daily low) and 1.5400/10 (psychological level/Jun 5 high).