Filed Under:
Forex pairs in this Article » GBP/USD
FXstreet.com (Córdoba) - The GBP/USD picked up momentum during the American afternoon and reached fresh session highs as the greenback’s selloff intensified.

GBP/USD stalls around 1.5375

The Cable extended its recovery from the 1.5260 area where it bottomed earlier as investors were not satisfied with the UK Q2 GDP. However, GBP/USD found resistance at the 1.5370 area most recently.

GBP/USD technical levels

At time of writing, GBP/USD is trading around 1.5360, up 0.3% on the day, but still below its daily peak of 1.5383. As for technical levels, immediate resistances are seen at 1.5383 (daily high) and 1.5390 (Jul 23 high), while supports line up at 1.5325 (21-hour SMA) and 1.5290 (Jul 24 low).
comments powered by Disqus