30 Dec 2013
GBP/USD regains 1.6500
FXstreet.com (Córdoba) - The GBP/USD picked up momentum and climbed back above the 1.6500 level during the New York session as the greenback retreated following soft US data.
The GBP/USD pierced above 1.6500 and stretched to a fresh daily high of 1.6532 in recent dealings but lacked momentum toward rally to last Friday's high at 1.6577 and pulled back slightly. At time of writing, the Cable is trading at 1.6520, 0.3% above its opening price.
GBP/USD technical levels
As for technical levels, Valeria Bednarik, chief analyst at Fxstreet.com locates immediate resistances at 1.6530, 1.6580 and 1.6615, while she locates supports at 1.6450, 1.6405 and 1.6370.
The GBP/USD pierced above 1.6500 and stretched to a fresh daily high of 1.6532 in recent dealings but lacked momentum toward rally to last Friday's high at 1.6577 and pulled back slightly. At time of writing, the Cable is trading at 1.6520, 0.3% above its opening price.
GBP/USD technical levels
As for technical levels, Valeria Bednarik, chief analyst at Fxstreet.com locates immediate resistances at 1.6530, 1.6580 and 1.6615, while she locates supports at 1.6450, 1.6405 and 1.6370.