21 Aug 2013
GBP/USD touches 1.5700
FXstreet.com (Córdoba) - The GBP/USD managed to rise and test the 1.5700 level at the beginning of the New York session, but the pair lacked momentum to decisively break above that level.
GBP/USD scored its highest in 2 months at 1.5700 as the pound continues to outperform other majors. However, the pair pulled back slightly after failing to overcome the psychological level. GBP/USD is currently trading at the 1.5690 zone, where it is 0.2% above its opening price, as investors await the FOMC minutes.
GBP/USD technical levels
In terms of technical levels, immediate resistance levels are seen at 1.5700 (psychological level) and 1.5723 (Jun 18 high). On the other hand, supports could be found at 1.5650 (daily low) and 1.5630 (Jun 29 low).
GBP/USD scored its highest in 2 months at 1.5700 as the pound continues to outperform other majors. However, the pair pulled back slightly after failing to overcome the psychological level. GBP/USD is currently trading at the 1.5690 zone, where it is 0.2% above its opening price, as investors await the FOMC minutes.
GBP/USD technical levels
In terms of technical levels, immediate resistance levels are seen at 1.5700 (psychological level) and 1.5723 (Jun 18 high). On the other hand, supports could be found at 1.5650 (daily low) and 1.5630 (Jun 29 low).