FXStreet (Córdoba) – GBP/USD has reversed intraday losses, regained the 1.5700 level and filled the opening gap as markets stabilize and investors continue to assess Greek developments.
GBP/USD picked up strength and climbed more than half a cent over the last minutes. Cable managed to surpass its European session peak of 1.5744 and printed a fresh high of 1.5750 in recent dealings. At time of writing, the pair is trading at 1.5745, virtually unchanged since Friday’s close.
GBP/USD technical levels
In terms of technical levels, GBP/USD could find immediate resistances at 1.5765/70 (Jun 26 high/10-day SMA), 1.5800/02 (psychological level/Jun 24 high) and 1.5830 (Jun 23 high). On the flip side, supports are seen at 1.5662 (Jun 29 low), 1.5624 (Jun 17 low) and 1.5600 (psychological level).
(Market News Provided by FXstreet)