29 Aug 2013
GBP/USD hovering around 1.5500
FXstreet.com (Córdoba) - The GBP/USD has managed to hold pretty well on Thursday given the USD broad strength amid month-end flows.
However, GBP/USD has given up some ground sliding toward a low of 1.5480 in the wake of US GDP revision at the beginning of the American session, but then stabilized in a range where it has spent the last hours, capped by 1.5510 on the upside. At time of writing, GBP/USD is trading at the 1.5495/1.5500 area, 0.2% below its opening price.
GBP/USD technical levels
In terms of technical levels GBP/USD could find immediate supports at 1.5480 (daily low) and 1.5426 (Aug 29 low). On the other hand, resistances are seen at 1.5510 (20-hour SMA) and 1.5548 (daily high).
However, GBP/USD has given up some ground sliding toward a low of 1.5480 in the wake of US GDP revision at the beginning of the American session, but then stabilized in a range where it has spent the last hours, capped by 1.5510 on the upside. At time of writing, GBP/USD is trading at the 1.5495/1.5500 area, 0.2% below its opening price.
GBP/USD technical levels
In terms of technical levels GBP/USD could find immediate supports at 1.5480 (daily low) and 1.5426 (Aug 29 low). On the other hand, resistances are seen at 1.5510 (20-hour SMA) and 1.5548 (daily high).