6 Apr 2015
GBP/USD breaks below 1.4900
FXStreet (Córdoba) - GBP/USD came under pressure during the American afternoon and fell to fresh daily lows after leaving the 1.49 support area behind.
Cable accelerated to the downside in a bout of dollar demand, and fell to a fresh low of 1.4869 in quick move. At time of writing, GBP/USD is trading at 1.4880, recording a 0.23% loss on the day and 100 pips below daily highs.
GBP/USD had reached a daily high of 1.4980 at the beginning of the New York session, but turned lower and cut Friday’s nonfarm payrolls inspired gains.
GBP/USD levels to watch
In terms of technical levels, GBP/USD could find immediate supports at 1.4857 (100-hour SMA) and 1.4809 (Apr 3 low). On the flip side, resistances are seen at 1.4980 (daily high), 1.5000 (psychological level) and 1.5008 (Mar 19 high).
Cable accelerated to the downside in a bout of dollar demand, and fell to a fresh low of 1.4869 in quick move. At time of writing, GBP/USD is trading at 1.4880, recording a 0.23% loss on the day and 100 pips below daily highs.
GBP/USD had reached a daily high of 1.4980 at the beginning of the New York session, but turned lower and cut Friday’s nonfarm payrolls inspired gains.
GBP/USD levels to watch
In terms of technical levels, GBP/USD could find immediate supports at 1.4857 (100-hour SMA) and 1.4809 (Apr 3 low). On the flip side, resistances are seen at 1.4980 (daily high), 1.5000 (psychological level) and 1.5008 (Mar 19 high).