GBP/USD bounces from lows, back to square one
FXStreet (Córdoba) – GBP/USD bounced from daily lows and trimmed intraday losses after briefly dipping below the 1.5400 level.
GBP/USD extended its pullback from daily highs and fell to a low of 1.5372, but quickly recovered to the 1.5420 zone. At time of writing, GBP/USD is trading at 1.5413, virtually unchanged on the day.
GBP/USD technical levels
On the upside, Cable could find next resistances at 1.5470/75 (Sep 14 &10 highs), 1.5517(100-day SMA) and 1.5560 (Aug 18 low). On the downside, supports are seen at 1.5372 (Sep 14 low), 1.5337/33 (Sep 10 low/10-day SMA) and 1.5300 (psychological level).
GBP/USD bounced from daily lows and trimmed intraday losses after briefly dipping below the 1.5400 level.
(Market News Provided by FXstreet)