9 Mar 2015
GBP/USD regains 1.5100
FXStreet (Córdoba) - GBP/USD has inched higher on Monday and continues to move away from a 1-month high scored on the back of strong nonfarm payrolls data.
Cable bottomed out at 1.5030, scoring its lowest level since Feb 3, but managed to trim losses at the beginning of the week, climbing to a high of 1.5123 in recent dealings. At time of writing, the pair is trading at 1.5115, recording a 0.53% gain on the day.
With no major data expected, the pair could go through a corrective/consolidation phase following Friday's sharp moves.
GBP/USD technical levels
As for technical levels, GBP/USD could find immediate resistances at 1.5145 (50-hour SMA), 1.5230 (100-hour SMA) and 1.5255 (Mar 6 high). On the other hand, supports are seen at 1.5030 (daily low), 1.5000 (psychological level) and 1.4988 (Feb 3 low).
Cable bottomed out at 1.5030, scoring its lowest level since Feb 3, but managed to trim losses at the beginning of the week, climbing to a high of 1.5123 in recent dealings. At time of writing, the pair is trading at 1.5115, recording a 0.53% gain on the day.
With no major data expected, the pair could go through a corrective/consolidation phase following Friday's sharp moves.
GBP/USD technical levels
As for technical levels, GBP/USD could find immediate resistances at 1.5145 (50-hour SMA), 1.5230 (100-hour SMA) and 1.5255 (Mar 6 high). On the other hand, supports are seen at 1.5030 (daily low), 1.5000 (psychological level) and 1.4988 (Feb 3 low).