26 Jan 2015
GBP/USD extends gains above 1.5050
FXStreet (Córdoba) - GBP/USD pushed higher during the New York session and extended its recovery from a 18-month low scored on Friday to a 4-day high.
GBP/USD managed to rise above 1.5050 and reached a high of 1.5077 before the 100-hour SMA offered resistance, as the dollar trades mixed across the board in the absence of first-tier data and as investors gear up for the upcoming FOMC meeting next Wednesday.
GBP/USD levels to watch
At time of writing, the pair is trading at 1.5065, recording a 0.55% gain on the day, with immediate resistances lining up at 1.5077 (100-hour SMA/daily high) and 1.5100 (psychological level), while supports are seen at 1.4985 (Jan 26 low) and 1.4950 (Jan 23 low).
GBP/USD managed to rise above 1.5050 and reached a high of 1.5077 before the 100-hour SMA offered resistance, as the dollar trades mixed across the board in the absence of first-tier data and as investors gear up for the upcoming FOMC meeting next Wednesday.
GBP/USD levels to watch
At time of writing, the pair is trading at 1.5065, recording a 0.55% gain on the day, with immediate resistances lining up at 1.5077 (100-hour SMA/daily high) and 1.5100 (psychological level), while supports are seen at 1.4985 (Jan 26 low) and 1.4950 (Jan 23 low).