Forex: GBP/USD uptrend capped at 1.5845, back to 1.5800
Forex pairs in this Article »
GBP/USD
FXstreet.com (San Francisco) - After breaking the 1.5800 level, the Cable was trying to extend gains above November low at 1.5829, but pair failed at 1.5845 where the GBPUSD was rejected and launched to prices around the 1.5800.
Currently the pair is trading at 1.5810, 0.60% positive on the day. "A push above 1.58 will neutralize recent bearish price structure," points FXstreet.com Analysts Ani Salama and Mauricio Carrillo. "Otherwise a return back below 1.5625 keeps the 1.55 handle in sight."
Support levels: 1.5765 1.5700 1.5625. Resistance levels 1.5800 1.5845 1.5875.
Currently the pair is trading at 1.5810, 0.60% positive on the day. "A push above 1.58 will neutralize recent bearish price structure," points FXstreet.com Analysts Ani Salama and Mauricio Carrillo. "Otherwise a return back below 1.5625 keeps the 1.55 handle in sight."
Support levels: 1.5765 1.5700 1.5625. Resistance levels 1.5800 1.5845 1.5875.
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