3 Sep 2013
GBP/USD back to where it started
FXstreet.com (Córdoba) - The GBP/USD bounced from lows and managed to erase intraday losses to trade nearly flat on the day, after the latest pullback was contained by the 1.5520 area.
GBP/USD contained by 1.5520
The GBP/USD failed to sustain the UK PMI induced gains and turned lower during the American session, briefly falling to negative ground for the day in the wake of robust US data. At time of writing, GBP/USD is trading at the 1.5540 area, virtually unchanged since opening.
GBP/USD levels
In terms of technical levels, resistances for GBP/USD line up at 1.5602 (daily high) and 1.5636 (Aug 23 high), while supports could be found at 1.5520 (daily low) and 1.5500 (psychological level).
GBP/USD contained by 1.5520
The GBP/USD failed to sustain the UK PMI induced gains and turned lower during the American session, briefly falling to negative ground for the day in the wake of robust US data. At time of writing, GBP/USD is trading at the 1.5540 area, virtually unchanged since opening.
GBP/USD levels
In terms of technical levels, resistances for GBP/USD line up at 1.5602 (daily high) and 1.5636 (Aug 23 high), while supports could be found at 1.5520 (daily low) and 1.5500 (psychological level).