Back
6 Aug 2013
GBP/USD erases intraday gains
FXstreet.com (Córdoba) - The GBP/USD pulled back from highs and completely erased its intraday gains ahead of the New York opening.
GBP/USD rejected from 1.5390
GBP/USD had climbed to a fresh 1-week high of 1.5390 after UK June manufacturing and industrial output came in almost double expectations. However, the pair failed to sustain gains and retreated to currently trade around 1.5350, where it is virtually unchanged since opening, ahead of the release of the UK GDP estimate by the NIESR.
GBP/USD technical levels
In terms of technical levels, GBP/USD could face immediate supports at 1.5330 (daily low) and 1.5300 (psychological level), while resistances could be found at 1.5390 (daily high) and 1.5415 (Jul 26 high).
GBP/USD rejected from 1.5390
GBP/USD had climbed to a fresh 1-week high of 1.5390 after UK June manufacturing and industrial output came in almost double expectations. However, the pair failed to sustain gains and retreated to currently trade around 1.5350, where it is virtually unchanged since opening, ahead of the release of the UK GDP estimate by the NIESR.
GBP/USD technical levels
In terms of technical levels, GBP/USD could face immediate supports at 1.5330 (daily low) and 1.5300 (psychological level), while resistances could be found at 1.5390 (daily high) and 1.5415 (Jul 26 high).