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23 Jun 2015
GBP/USD resumes downfall hits fresh 6-day low
FXStreet (Córdoba) - GBP/USD came under renewed pressure and hit fresh weekly lows following a consolidative phase within 1.5720-60.
The dollar has gathered some buying interest and dragged Cable to fresh weekly lows in recent dealings. Greenback strength was fueled by Fed’s Powell hawkish comments during the American session although a batch of US mixed data tempered temporarily the advance.
GBP/USD is currently trading at 1.5715, recording a 0.68% loss on Tuesday, having struck a 6-day low of 1.5709.
GBP/USD key levels
In terms of technical levels, next supports could be found at the 1.5704/00 area 200-hour SMA/psychological level) and 1.5624 (Jun 17 low). On the flip side, resistances are seen at 1.5800 (psychological level), 1.5830 (Jun 23 high) and 1.5895 (Jun 19 high).
The dollar has gathered some buying interest and dragged Cable to fresh weekly lows in recent dealings. Greenback strength was fueled by Fed’s Powell hawkish comments during the American session although a batch of US mixed data tempered temporarily the advance.
GBP/USD is currently trading at 1.5715, recording a 0.68% loss on Tuesday, having struck a 6-day low of 1.5709.
GBP/USD key levels
In terms of technical levels, next supports could be found at the 1.5704/00 area 200-hour SMA/psychological level) and 1.5624 (Jun 17 low). On the flip side, resistances are seen at 1.5800 (psychological level), 1.5830 (Jun 23 high) and 1.5895 (Jun 19 high).