Filed Under:
Forex pairs in this Article » GBP/USD
FXstreet.com (Córdoba) - The GBP/USD saw a quick droop to fresh daily lows after the latest string of US data came in much stronger than expected.

USD lifted by data

US GDP growth was upwardly revised to 3.6% for the third quarter while last week's initial jobless claims unexpectedly fell to 298,000. The greenback received a boost from solid economic data and rose across the board, dragging the GBP/USD to a fresh 1-week low of 1.6309 in recent dealings.

GBP/USD levels to watch

However, the Cable was contained by the 200-hour SMA ahead of the 1.6300 mark, and bounced slightly to currently trade at the 1.6345 area, recording a 0.2% loss on the day. As for technical levels, the GBP/USD could find immediate supports at 1.6309 (daily low) and 1.6300 (psychological level). On the flip side, resistances are seen at 1.6400 (psychological level) and 1.6441 (2013 high Dec 3).
comments powered by Disqus