FXStreet (Córdoba) – GBP/USD climbed further and reached fresh highs for the session above 1.5550 as the dollar weakened across the board following the latest string of disappointing US data.
GBP/USD reached the 1.5560 area buoyed by NY manufacturing index and industrial production data miss, helping Cable to cut intraday losses. At time of writing, the pair is trading at 1.5554, still a few pips below Friday’s close.
With no further data scheduled for the rest of the day, Greek headlines will likely continue to drive market’s sentiment.
GBP/USD technical levels
As for technical levels, next resistances are seen at 1.5568 (Jun 15 high) and 1.5597 (Jun 12 high) and 1.568 (May 22 high). On the other hand, immediate supports could be found at 1.5486 (Jun 15 low) and 1.5465 (Jun 12 low) ahead of 1.5420 (10-day SMA).
(Market News Provided by FXstreet)