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15 May 2014
GBP/USD recovers from 1-month low
FXStreet (Córdoba) - The GBP/USD climbed to fresh daily highs at the beginning of the American session as the greenback lost momentum following a short-lived spike.
The GBP/USD managed to recover after hitting a 1-month low of 1.6732 amid broad USD strength and despite solid US data recently released the greenback failed to hold gains. The GBP/USD bounced to a high of 1.6782 and it is currently trading at 1.6775, up 0.07% on the day.
GBP/USD technical levels
In terms of technical levels, next supports are seen at 1.6722 (50-day SMA) and 1.6700 (psychological level) ahead of 1.6669 (Apr 15 low). On the flip side, resistances could be found at 1.6782 (May 15 high), 1.6800 (psychological level) and 1.6839 (21-day SMA).
The GBP/USD managed to recover after hitting a 1-month low of 1.6732 amid broad USD strength and despite solid US data recently released the greenback failed to hold gains. The GBP/USD bounced to a high of 1.6782 and it is currently trading at 1.6775, up 0.07% on the day.
GBP/USD technical levels
In terms of technical levels, next supports are seen at 1.6722 (50-day SMA) and 1.6700 (psychological level) ahead of 1.6669 (Apr 15 low). On the flip side, resistances could be found at 1.6782 (May 15 high), 1.6800 (psychological level) and 1.6839 (21-day SMA).