25 Sep 2013
GBP/USD steady after US durable goods orders
FXstreet.com (Córdoba) - The GBP/USD held pretty much steady near daily highs after data showed US durable goods orders rose 0.1% in August, slightly above expectations, while excluding transportations, orders dropped 0.1% in August, well below forecast of a 1.0% increase.
The Cable continued to oscillate around 1.6050 following US, where it holds onto a 0.3% gain on the day. The GBP/USD was boosted earlier by stronger-than-expected UK CBI retail figures and rallied to a high of 1.6057 before losing momentum and settling just below.
GBP/USD levels to watch
As for technical levels, if GBP/USD breaks decisively above 1.6060, next resistances could be found at 1.6072 (Sep 23 high) and 1.6100 (psychological level) ahead of 1.6145 (Sep 19 high), while supports are now seen at 1.5980 (daily low), 1.5955 (Sep 24 low) and 1.5900 (psychological level).
The Cable continued to oscillate around 1.6050 following US, where it holds onto a 0.3% gain on the day. The GBP/USD was boosted earlier by stronger-than-expected UK CBI retail figures and rallied to a high of 1.6057 before losing momentum and settling just below.
GBP/USD levels to watch
As for technical levels, if GBP/USD breaks decisively above 1.6060, next resistances could be found at 1.6072 (Sep 23 high) and 1.6100 (psychological level) ahead of 1.6145 (Sep 19 high), while supports are now seen at 1.5980 (daily low), 1.5955 (Sep 24 low) and 1.5900 (psychological level).