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2 Jun 2015
GBP/USD extends gains above 1.5350
FXStreet (Córdoba) - GBP/USD steadies near daily highs and entered a consolidation phase after staging a nice rally at the beginning of the New York session amid broad USD weakness.
GBP/USD takes a breather after finding support at the 100-day SMA and snapping a 7-day losing streak. The pair is currently trading at the 1.5340 zone, recording a 0.99% gain on the day, and having hit a peak of 1.5362 in recent dealings.
The dollar weakened broadly on Tuesday amid hopes of a Greek deal and disappointing economic data.
GBP/USD technical levels
As for technical levels, immediate resistances are seen at 1.5384 (May 24 high) and 1.5400 (psychological level). On the flip side, supports could be found at 1.5310 (intraday level) and not much till 1.5165 (100-day SMA).
GBP/USD takes a breather after finding support at the 100-day SMA and snapping a 7-day losing streak. The pair is currently trading at the 1.5340 zone, recording a 0.99% gain on the day, and having hit a peak of 1.5362 in recent dealings.
The dollar weakened broadly on Tuesday amid hopes of a Greek deal and disappointing economic data.
GBP/USD technical levels
As for technical levels, immediate resistances are seen at 1.5384 (May 24 high) and 1.5400 (psychological level). On the flip side, supports could be found at 1.5310 (intraday level) and not much till 1.5165 (100-day SMA).