Filed Under:
Forex pairs in this Article » GBP/USD (Córdoba) - The GBP/USD broke to its highest level in 20 days during the American afternoon and continues to approach its 10-month peak scored early October.

Underpinned by broad USD weakness in the wake of a soft NFP reading, the Cable rose to a high of 1.6244 in recent dealings and continues to threaten daily highs, aiming for a rally toward 1.6259 (Oct 1 high). The USD came under broad pressure as soft employment data trimmed prospects the Fed could begin tapering stimulus this year.

GBP/USD technical levels

At time of writing, GBP/USD is trading at the 1.6240 zone, where it records a 0.6% gain Tuesday with immediate resistances at 1.6244 (daily high) and 1.6259 (Oct 1 high) ahead of 1.6300 (psychological level), while supports are seen at 1.6224 (Oct 18 high), 1.6130 (Oct 21 low) and 1.6115 (daily low).
comments powered by Disqus