24 Jul 2013
GBP/USD dips below 1.5300
FXstreet.com (Córdoba) - The GBP/USD faced another wave of selling and slumped to fresh daily lows as the greenback rally resumed amid risk aversion.
GBP/USD extends losses to fresh 2-day low
GBP/USD broke below previous daily lows at the 1.5315 area and slid to fresh lows sub 1.5300 in recent dealings. At time of writing, GBP/USD is trading around 1.5295, 0.5% below its opening price, having bottomed out at 1.5288 so far.
GBP/USD eyes 100-day SMA
In terms of technical levels, if GBP/USD breaks below the 1.5285/90 zone, next supports line up at 1.5273 (100-day SMA) 1.5260 (Jul 22 low) and 1.5210 (10-day SMA). On the upside, resistances are now seen at 1.5315 (former low) and 1.5388 (daily high).
GBP/USD extends losses to fresh 2-day low
GBP/USD broke below previous daily lows at the 1.5315 area and slid to fresh lows sub 1.5300 in recent dealings. At time of writing, GBP/USD is trading around 1.5295, 0.5% below its opening price, having bottomed out at 1.5288 so far.
GBP/USD eyes 100-day SMA
In terms of technical levels, if GBP/USD breaks below the 1.5285/90 zone, next supports line up at 1.5273 (100-day SMA) 1.5260 (Jul 22 low) and 1.5210 (10-day SMA). On the upside, resistances are now seen at 1.5315 (former low) and 1.5388 (daily high).