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Forex pairs in this Article » GBP/USD (Córdoba) - GBP/USD found strong resistance after hitting a fresh 4-month high of 1.5750 and pulled back in tandem with a broader USD rise in the wake of solid housing data.

GBP/USD backs away from highs

GBP/USD has dropped over 50 pips within the last hours, slipping back below the 1.5700 mark to hit a low of 1.5695, just a few pips above its European trough. At time of writing, the Cable is trading at the 1.5700 zone, down 0.2% on the day.

In terms of technical levels, immediate supports are seen at 1.5690 (daily low) and 1.5675 (100-hour SMA), while resistances could be faced at 1.5750 (daily highs) and 1.5810 (Feb 11 high).
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