Filed Under:
Forex pairs in this Article » GBP/USD (Córdoba) - The GBP/USD is taking a breather Friday, having stabilized above the 200-hour SMA, after retreating sharply from a fresh 2-year high of 1.6600 scored the previous day.

Amid profit taking and weighed by solid US data, the GBP/USD pulled back from the 1.6600 area and settled in a range just above 1.6420 Friday, where it has spent the last sessions. The pair remained little changed even after the latest string of UK data showed mortgage approvals hit a 5-year high while construction PMI came in slightly above expectations.

GBP/USD technical levels

The GBP/USD is currently trading at the 1.6450/55 zone, virtually unchanged since opening, with immediate resistances lining up at 1.6465 (daily high), 1.6500 (psychological level) and 1.6532 (Dec 30 high). On the other hand, supports are seen at 1.6420 (200-hour SMA), 1.6410 (Jan 2 low) and 1.6390 (21-day SMA).
comments powered by Disqus