21 Nov 2013
GBP/USD nears yesterday's high
FXstreet.com (Córdoba) - The GBP/USD took a step higher and reached fresh highs during the American session, breaking above the 1.6150 area.
The GBP/USD rallied over 100 pips throughout the day and reached a peak of 1.6170 before losing momentum a few pips shy of yesterday's 3-week peak at 1.6177. At time of writing, GBP/USD is trading around 1.6165, recording a 0.4% gain Thursday.
GBP/USD technical levels
In terms of technical levels, GBP/USD could find immediate resistances at 1.6177 (Nov 20 high) and then 1.6200 (psychological level). On the other hand, next supports are seen at 1.6072 (daily low) and 1.6060/65 (21- and 50-day SMA crossover).
The GBP/USD rallied over 100 pips throughout the day and reached a peak of 1.6170 before losing momentum a few pips shy of yesterday's 3-week peak at 1.6177. At time of writing, GBP/USD is trading around 1.6165, recording a 0.4% gain Thursday.
GBP/USD technical levels
In terms of technical levels, GBP/USD could find immediate resistances at 1.6177 (Nov 20 high) and then 1.6200 (psychological level). On the other hand, next supports are seen at 1.6072 (daily low) and 1.6060/65 (21- and 50-day SMA crossover).