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Forex pairs in this Article » GBP/USD (Córdoba) - The GBP/USD quickly trimmed intraday losses after falling a 4-day low of 1.6132 at the beginning of the New York session.

The greenback failed to sustain momentum, allowing the GBP/USD to recover some ground and cut losses. However, from a wider view, the Cable remains trapped in a range bounded by 1.6130 on the downside and 1.6180 on the upside as investors await the NFP report to be published Tuesday.

GBP/USD levels to watch

As for technical levels, if the GBP/USD breaks below 1.6130, it could fall to 1.6100 (psychological level) and even 1.6065 (100-hour SMA). On the other hand, resistances are now seen at 1.6180 (daily high), 1.6225 (Oct 18 high) and 1.6260 (Oct 1 high).
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