8 Dec 2014
GBP/USD recovers from 15-month low
FXStreet (Córdoba) - GBP/USD managed to recover some ground after hitting a fresh 2014 low at the beginning of the European session.
GBP/USD scored a fresh 15-month low as the dollar continued to benefit from Friday’s nonfarm payrolls, but pound reversed intraday losses and climbed to a daily high of 1.5596 in recent dealings. At time of writing, the pair is trading at 1.5590, up 0.08% on the day.
GBP/USD technical levels
If GBP/USD breaks above 1.5600, next resistances could be found at 1.567 (10-day SMA) and 15698/1.5700 (21-day SMA/psychological level). On the other hand, supports are seen at 1.5540 (2014 low Dec 8), 155.21 (Sep 3 2013 low) and 1.5505/00 (Sep 2 2013 low/psychological level).
GBP/USD scored a fresh 15-month low as the dollar continued to benefit from Friday’s nonfarm payrolls, but pound reversed intraday losses and climbed to a daily high of 1.5596 in recent dealings. At time of writing, the pair is trading at 1.5590, up 0.08% on the day.
GBP/USD technical levels
If GBP/USD breaks above 1.5600, next resistances could be found at 1.567 (10-day SMA) and 15698/1.5700 (21-day SMA/psychological level). On the other hand, supports are seen at 1.5540 (2014 low Dec 8), 155.21 (Sep 3 2013 low) and 1.5505/00 (Sep 2 2013 low/psychological level).