19 Nov 2015
GBP/USD breaks above 1.5300, hits 2-week highs
FXStreet (Córdoba) - GBP/USD picked up pace and broke to fresh 2-week highs as the dollar is facing another round of selling.
GBP/USD broke above the 1.53 mark and stretched to a peak of 1.5335, but stalled a few pips shy of the 200-day SMA that stands around 1.5340. At time of writing, the pair is trading at 1.5320, recording a 0.56% gain on the day.
The dollar has continued to weaken during the New York session as investors assess the repercussions of not-so-hawkish minutes from the FOMC issued Wednesday.
GBP/USD technical levels
In terms of technical levels, GBP/USD could find next resistances at 1.5340 (200-day SMA), 1.5400 (psychological level/Nov 5 high) and 1.5416 (100-day SMA). On the flip side, supports are seen at 1.5227 (Nov 19 low), 1.5192/87 (10-day SMA/Nov 18 low) and 1.5153 (Nov 17 low).
GBP/USD broke above the 1.53 mark and stretched to a peak of 1.5335, but stalled a few pips shy of the 200-day SMA that stands around 1.5340. At time of writing, the pair is trading at 1.5320, recording a 0.56% gain on the day.
The dollar has continued to weaken during the New York session as investors assess the repercussions of not-so-hawkish minutes from the FOMC issued Wednesday.
GBP/USD technical levels
In terms of technical levels, GBP/USD could find next resistances at 1.5340 (200-day SMA), 1.5400 (psychological level/Nov 5 high) and 1.5416 (100-day SMA). On the flip side, supports are seen at 1.5227 (Nov 19 low), 1.5192/87 (10-day SMA/Nov 18 low) and 1.5153 (Nov 17 low).