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Forex pairs in this Article » GBP/USD (Córdoba) - The GBP/USD bounced strongly from daily lows and trimmed some of its daily losses as the greenback pulled back across the board in a quite volatile day.

GBP/USD off daily lows

However, the recovery of the GBP/USD faltered at the 1.5555 area, where the 20-hour SMA offered resistance, forcing the pair lower. At time of writing, GBP/USD is trading at the 1.5530 zone, where it records a 0.3% loss on the day, but off its 2-week low scored earlier at 1.5480.

GBP/USD technical levels

As for technical levels, if GBP/USD extends its recovery past the 1.5555 area, next resistances could be found at 1.5592 (daily high) and 1.5610 (200-hour SMA), while supports are seen at 1.5480 (daily low) and 1.5420 (Aug 14 low).
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