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30 Oct 2014
GBP/USD struggles to regain 1.6000
FXStreet (Córdoba) - After a brief visit to levels sub-1.6000, GBP/USD found buyers and recovered ground as the greenback corrects across the board following a steep rally triggered by Fed’s optimist statement.
GBP/USD bottomed out at 1.5960, marking its lowest level in 2 weeks, but managed to regain the 1.60 mark most recently. At time of writing, GBP/USD is trading at 1.6007, virtually unchanged on the day, after losing 0.74% Wednesday.
GBP/USD technical levels
If GBP/USD consolidates above 1.6000, next resistances could be found at 1.6085 (Oct 29 intraday level) and 1.6100 (psychological level). On the other hand, immediate supports are seen at 1.5960 (intraday low) and 1.5940 (Oct 16 low).
GBP/USD bottomed out at 1.5960, marking its lowest level in 2 weeks, but managed to regain the 1.60 mark most recently. At time of writing, GBP/USD is trading at 1.6007, virtually unchanged on the day, after losing 0.74% Wednesday.
GBP/USD technical levels
If GBP/USD consolidates above 1.6000, next resistances could be found at 1.6085 (Oct 29 intraday level) and 1.6100 (psychological level). On the other hand, immediate supports are seen at 1.5960 (intraday low) and 1.5940 (Oct 16 low).