9 Oct 2013
GBP/USD takes a breather ahead of FOMC minutes
FXstreet.com (Córdoba) - After dropping over 200 pips, the GBP/USD finally managed to stabilize and is taking a breather ahead of the FOMC minutes.
The GBP/USD was beaten by much-worse-than-expected UK industrial data and lost 2 full cents, leaving several supports behind, to bottom out at 1.5919 during the New York session. The pair has spent the last hours in a tight range and it is presently trading around 1.5940, where it records a 0.9% loss on the day.
GBP/USD technical levels
As for technical levels, immediate supports could now be found at 1.5919 (daily low) and 1.5900 (psychological level) ahead of 1.5885 (Sep 17 low/Sep 13 high). Meanwhile, resistances are seen at 1.6020 (Oct 8 low) and 1.6043 (20-day SMA).
The GBP/USD was beaten by much-worse-than-expected UK industrial data and lost 2 full cents, leaving several supports behind, to bottom out at 1.5919 during the New York session. The pair has spent the last hours in a tight range and it is presently trading around 1.5940, where it records a 0.9% loss on the day.
GBP/USD technical levels
As for technical levels, immediate supports could now be found at 1.5919 (daily low) and 1.5900 (psychological level) ahead of 1.5885 (Sep 17 low/Sep 13 high). Meanwhile, resistances are seen at 1.6020 (Oct 8 low) and 1.6043 (20-day SMA).