12 Sep 2013
GBP/USD settles above 1.5800
FXstreet.com (Córdoba) - After climbing to a fresh 7-month peak, GBP/USD lost momentum and pulled back, settling just above the 1.5800 mark into the New York close.
GBP/USD dropped to a daily low of 1.5777 as knee-jerk reaction to positive US data, but quickly reversed losses and rallied to a high of 1.5838 before finding sellers. At time of writing, GBP/USD is trading at the 1.5810 zone, where it is virtually unchanged on the day.
GBP/USD levels to watch
In terms of technical levels, if GBP/USD breaks above 1.5838 it could pave the way toward 1.5877 (Feb 1 high) and 1.5900 (psychological level), while supports could be found at 1.5777 (daily low) and 1.5730 (100-hour SMA).
GBP/USD dropped to a daily low of 1.5777 as knee-jerk reaction to positive US data, but quickly reversed losses and rallied to a high of 1.5838 before finding sellers. At time of writing, GBP/USD is trading at the 1.5810 zone, where it is virtually unchanged on the day.
GBP/USD levels to watch
In terms of technical levels, if GBP/USD breaks above 1.5838 it could pave the way toward 1.5877 (Feb 1 high) and 1.5900 (psychological level), while supports could be found at 1.5777 (daily low) and 1.5730 (100-hour SMA).