8 Jul 2013
GBP/USD at daily highs
FXstreet.com (Córdoba) - The GBP/USD is on track to close the day with gains for first time in the last 3 trading days, as the Cable suffered last week in the wake of a dovish BoE and a strong US employment report.
GBP/USD recovers from 4-month low
GBP/USD managed to recover from a near 4-month low of 1.4855 scored on Friday, having risen more than 100 pips ever since before stalling at 1.4965 in recent dealings. At time of writing, GBP/USD is trading at the 1.4950/60 area, 0.5% above its opening price.
In terms of technical levels, next resistances are seen at 1.4955 (daily high) and 1.5000 (psychological level), while on the downside, supports could be found at 1.4855 (Jul 5 low) and 1.4832 (Mar 12 low).
GBP/USD recovers from 4-month low
GBP/USD managed to recover from a near 4-month low of 1.4855 scored on Friday, having risen more than 100 pips ever since before stalling at 1.4965 in recent dealings. At time of writing, GBP/USD is trading at the 1.4950/60 area, 0.5% above its opening price.
In terms of technical levels, next resistances are seen at 1.4955 (daily high) and 1.5000 (psychological level), while on the downside, supports could be found at 1.4855 (Jul 5 low) and 1.4832 (Mar 12 low).