Forex: GBP/USD recovers ground and turns positive
Forex pairs in this Article »
GBP/USD
FXstreet.com (Córdoba) - The pound managed to bounce from the 1.6075 area and climbed back above 1.6100 at the beginning of the New York session amid profit taking and as risk sentiment improved.
GBPUSD reversed earlier losses and having risen over 70 pips throughout the day it recently printed a fresh high of 1.6145 before stalling. At time of writing, GBPUSD is trading at the 1.6130 zone, 0.2% above its opening price.
As for technical levels, on the upside next resistances could be found 1.6170 and 1.6200, while supports are now seen at 1.6075/65, 1.6050 and 1.6000.
GBPUSD reversed earlier losses and having risen over 70 pips throughout the day it recently printed a fresh high of 1.6145 before stalling. At time of writing, GBPUSD is trading at the 1.6130 zone, 0.2% above its opening price.
As for technical levels, on the upside next resistances could be found 1.6170 and 1.6200, while supports are now seen at 1.6075/65, 1.6050 and 1.6000.
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