15 Apr 2014
GBP/USD turns flat after intraday swings
FXStreet (Córdoba) - The GBP/USD failed to sustain gains and pulled back to opening levels during the American afternoon as the latest upside attempt was capped by the 100-hour SMA.
The GBP/USD recovered from lows sub-1.6700 and reached a high of 1.6748 underpinned by broad USD weakness. However, the Cable quickly surrendered gains and slid back to the 1.6725 area, right where it started the day.
GBP/USD technical levels
In terms of technical levels, the GBP/USD could find immediate resistances at 1.6748 (Apr 15 high), 1.6786 (Apr 11 high) and 1.6819 (Apr 10 high). On the other hand, supports are seen at 1.6669 (Apr 15 low) and 1.6628 (21-day SMA).
The GBP/USD recovered from lows sub-1.6700 and reached a high of 1.6748 underpinned by broad USD weakness. However, the Cable quickly surrendered gains and slid back to the 1.6725 area, right where it started the day.
GBP/USD technical levels
In terms of technical levels, the GBP/USD could find immediate resistances at 1.6748 (Apr 15 high), 1.6786 (Apr 11 high) and 1.6819 (Apr 10 high). On the other hand, supports are seen at 1.6669 (Apr 15 low) and 1.6628 (21-day SMA).