15 Nov 2013
GBP/USD struggling around 1.6100
FXstreet.com (Córdoba) - After reaching a 2-week high of 1.6134, the GBP/USD lost momentum and gave up the 1.6100 mark during the American afternoon.
The GBP/USD failed to hold above 1.6100 and pulled back, although the dip was short-lived and contained by the 1.6080 area confining the pair to a phase of consolidation heading into the weekend. At time of writing, the GBP/USD is struggling around 1.6100, posting its third daily gain in a row, to accomplish 0.6% this week.
GBP/USD key levels
In terms of technical levels, GBP/USD could face immediate resistances at 1.6134 (daily high), 1.6144 (Oct 29 high) and 1.6170 (Oct 17 high). Meanwhile supports are now seen at 1.6080 (intraday level), 1.6047 (daily low) and 1.6025 (200-hour SMA).
The GBP/USD failed to hold above 1.6100 and pulled back, although the dip was short-lived and contained by the 1.6080 area confining the pair to a phase of consolidation heading into the weekend. At time of writing, the GBP/USD is struggling around 1.6100, posting its third daily gain in a row, to accomplish 0.6% this week.
GBP/USD key levels
In terms of technical levels, GBP/USD could face immediate resistances at 1.6134 (daily high), 1.6144 (Oct 29 high) and 1.6170 (Oct 17 high). Meanwhile supports are now seen at 1.6080 (intraday level), 1.6047 (daily low) and 1.6025 (200-hour SMA).