13 Aug 2015
GBP/USD attempts to regain 1.5600
FXStreet (Córdoba) - As most pairs in the FX market, GBP/USD is going through a transition phase during the American session, with the dollar consolidating intraday gains versus major competitors after solid US retail sales data kept alive prospects of a September rate hike.
GBP/USD came under pressure and dropped below the 1.56 mark to hit a low of 1.5573 and it has spent the last hours in a narrow range. At time of writing, GBP/USD is trading at 1.5595, 0.09% below its opening price.
GBP/USD levels to watch
In terms of technical levels, GBP/USD could find next resistances at 1.5635 (Aug 13 high), 1.5650 (Aug 12 & 5 high) and 1.5700 (psychological level). On the other hand, supports are seen at 1.5573 (Aug 13 low/21-day SMA), 1.5533 (Aug 12 low) and 1.5500 (psychological level).
GBP/USD came under pressure and dropped below the 1.56 mark to hit a low of 1.5573 and it has spent the last hours in a narrow range. At time of writing, GBP/USD is trading at 1.5595, 0.09% below its opening price.
GBP/USD levels to watch
In terms of technical levels, GBP/USD could find next resistances at 1.5635 (Aug 13 high), 1.5650 (Aug 12 & 5 high) and 1.5700 (psychological level). On the other hand, supports are seen at 1.5573 (Aug 13 low/21-day SMA), 1.5533 (Aug 12 low) and 1.5500 (psychological level).