Forex: GBP/USD hits daily highs above 1.5600
Forex pairs in this Article »
GBP/USD
FXstreet.com (Córdoba) - The pound rose to fresh daily highs versus the dollar, propelled by positive sentiment after US nonfarm payrolls and better-than-expected ISM services PMI.
Despite a brief pullback, GBPUSD managed to resume the upside, rising above the 200-hour SMA to hit a fresh daily peak of 1.5607 in recent dealings. At time of writing, the cable is quoting at the 1.5600/05 zone, posting a 0.6% gain on the day.
On the upside, the 100-hour SMA at 1.5610 should offer immediate resistance followed by 1.5660 and 1.5690. On the downside, supports are seen at 1.5550, 1.5520 and the 1.5500/1.5490 zone.
Despite a brief pullback, GBPUSD managed to resume the upside, rising above the 200-hour SMA to hit a fresh daily peak of 1.5607 in recent dealings. At time of writing, the cable is quoting at the 1.5600/05 zone, posting a 0.6% gain on the day.
On the upside, the 100-hour SMA at 1.5610 should offer immediate resistance followed by 1.5660 and 1.5690. On the downside, supports are seen at 1.5550, 1.5520 and the 1.5500/1.5490 zone.
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