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31 Aug 2015
GBP/USD drops to fresh daily lows
FXStreet (Córdoba) - GBP/USD came under mild pressure during the New York session and fell to retest the 1.5350 support area in the absence of fundamental triggers.
GBP/USD slid below the 200-day SMA and struck a daily low of 1.5341, bottoming out roughly at the same level it did on Friday. However, the dollar has lacked momentum to drag the pair lower that it was last trading at 1.5355, 0.27% down on the day.
GBP/USD technical levels
As for technical levels, immediate supports are seen at 1.5329 (Jul 8 low) and 1.5300 (psychological level). On the other hand, resistances could be found at 1.5442 (Aug 28 high) and 1.5483 (100-day SMA) ahead of 1.5500 (psychological level).
GBP/USD slid below the 200-day SMA and struck a daily low of 1.5341, bottoming out roughly at the same level it did on Friday. However, the dollar has lacked momentum to drag the pair lower that it was last trading at 1.5355, 0.27% down on the day.
GBP/USD technical levels
As for technical levels, immediate supports are seen at 1.5329 (Jul 8 low) and 1.5300 (psychological level). On the other hand, resistances could be found at 1.5442 (Aug 28 high) and 1.5483 (100-day SMA) ahead of 1.5500 (psychological level).