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3 Jun 2015
GBP/USD erases daily losses
FXStreet (Córdoba) - GBP/USD managed to erase intraday losses and climbed back to the 1.5350 area, after the latest pullback, triggered by, UK service PMI miss, was contained by the 1.5250 zone.
The greenback has been underperforming during the American session disregarding better-than-expected US trade deficit, which could boost Q2 GDP. GBP/USD has risen roughly 100 pips over the last hours and it was last trading at 1.5350, where it is virtually unchanged since opening.
GBP/USD levels to watch
In terms of technical levels, next resistances are seen at 1.5374 (daily high), 1.5400 (psychological level) and 1.5436 (May 27 high). On the other hand, supports could be found at 1.5250 (daily low), 1.5200 (psychological level) and 1.5165 (100-day SMA).
The greenback has been underperforming during the American session disregarding better-than-expected US trade deficit, which could boost Q2 GDP. GBP/USD has risen roughly 100 pips over the last hours and it was last trading at 1.5350, where it is virtually unchanged since opening.
GBP/USD levels to watch
In terms of technical levels, next resistances are seen at 1.5374 (daily high), 1.5400 (psychological level) and 1.5436 (May 27 high). On the other hand, supports could be found at 1.5250 (daily low), 1.5200 (psychological level) and 1.5165 (100-day SMA).