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27 Nov 2014
GBP/USD drops to fresh daily lows
FXStreet (Córdoba) - GBP/USD fell to fresh daily lows as the dollar gathered some pace on the break of the 1.5740/35 support area.
GBP/USD extended its pullback from a 2-week high above 1.5800 and scored a low of 1.5715 during the American session, as the pair faced renewed selling pressure amid thin conditions. At time of writing, Cable is trading at 1.5720, recording a 0.44% loss on the day.
GBP/USD levels to watch
In terms of technical levels, next supports are seen at 1.5690 (10-day SMA) and 1.5649 (Nov 25 low), while resistances on bounces could be faced at 1.5825 (daily high), 1.5873 (Oct 15 low) and 1.5900 (psychological level).
GBP/USD extended its pullback from a 2-week high above 1.5800 and scored a low of 1.5715 during the American session, as the pair faced renewed selling pressure amid thin conditions. At time of writing, Cable is trading at 1.5720, recording a 0.44% loss on the day.
GBP/USD levels to watch
In terms of technical levels, next supports are seen at 1.5690 (10-day SMA) and 1.5649 (Nov 25 low), while resistances on bounces could be faced at 1.5825 (daily high), 1.5873 (Oct 15 low) and 1.5900 (psychological level).