Back
15 Dec 2014
GBP/USD recovers ground after hitting 1-week low
FXStreet (Córdoba) - GBP/USD recovered from daily lows and cut half of its daily losses as markets witnessed a round of dollar selling across the board.
GBP/USD firmly bounced from the 1.5600 area where the Cable hit a fresh 1-week low minutes before, and reached the 1.5660 zone before losing momentum. At time of writing, the pair is trading at 1.5650, still down 0.41% on the day.
GBP/USD levels to watch
In terms of technical levels, next supports are seen at 1.5600 (daily low/psychological level), and 1.5569 (Dec 5 low). On the flip side, resistances could be found at 1.5693 (Dec 12 low), 1.5745 (daily high) and 1.5755 (Dec 11 high) ahead of 1.5800 (psychological level).
GBP/USD firmly bounced from the 1.5600 area where the Cable hit a fresh 1-week low minutes before, and reached the 1.5660 zone before losing momentum. At time of writing, the pair is trading at 1.5650, still down 0.41% on the day.
GBP/USD levels to watch
In terms of technical levels, next supports are seen at 1.5600 (daily low/psychological level), and 1.5569 (Dec 5 low). On the flip side, resistances could be found at 1.5693 (Dec 12 low), 1.5745 (daily high) and 1.5755 (Dec 11 high) ahead of 1.5800 (psychological level).