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3 Oct 2013
GBP/USD drops to fresh lows sub-1.6200
FXstreet.com (Córdoba) - The GBP/USD failed to hold above 1.6200 and fell to fresh daily lows at the beginning of the American session as upbeat UK Services PMI boost faded.
The GBP/USD was rejected once again from the 1.6240 area Thursday and came under pressure, turning negative for the day. At time of writing, GBP/USD is trading at the 1.6190 area, 0.2% below its opening price, ahead of US jobless claims data.
GBP/USD technical levels
In terms of technical levels, GBP/USD could find immediate supports at 1.6183 (daily low) and 1.6160 (Oct 2 low) ahead of 1.6110 (10-day SMA). On the other hand, resistances could be faced at 1.6259 (Oct 1 high) and 1.6300 (psychological level).
The GBP/USD was rejected once again from the 1.6240 area Thursday and came under pressure, turning negative for the day. At time of writing, GBP/USD is trading at the 1.6190 area, 0.2% below its opening price, ahead of US jobless claims data.
GBP/USD technical levels
In terms of technical levels, GBP/USD could find immediate supports at 1.6183 (daily low) and 1.6160 (Oct 2 low) ahead of 1.6110 (10-day SMA). On the other hand, resistances could be faced at 1.6259 (Oct 1 high) and 1.6300 (psychological level).