5 Sep 2013
GBP/USD surrenders gains
FXstreet.com (Córdoba) - The GBP/USD pulled back from daily highs and erased intraday gains at the beginning of the New York session in the aftermath of US ADP and claims data.
GBP/USD initially moved higher and reached a fresh 2-week peak of 1.5666, but better-than-expected US jobless claims gave the greenback a lift, dragging the Cable back to opening levels. At time of writing, GBP/USD is trading at the 1.5620 zone, virtually unchanged on the day.
GBP/USD technical levels
As for technical levels, immediate supports might be faced at 1.5590 (daily low) and 1.5550 (10-day SMA) while resistances are seen at 1.5700 (psychological level) and 1.5715 (Aug 21 high).
GBP/USD initially moved higher and reached a fresh 2-week peak of 1.5666, but better-than-expected US jobless claims gave the greenback a lift, dragging the Cable back to opening levels. At time of writing, GBP/USD is trading at the 1.5620 zone, virtually unchanged on the day.
GBP/USD technical levels
As for technical levels, immediate supports might be faced at 1.5590 (daily low) and 1.5550 (10-day SMA) while resistances are seen at 1.5700 (psychological level) and 1.5715 (Aug 21 high).