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21 Oct 2014
GBP/USD hits fresh daily lows
FXStreet (Córdoba) - GBP/USD fell to fresh daily lows at the beginning of the New York session as the greenback gathered pace, especially against European rivals.
Following a short-lived bounce, GBP/USD resumed the slide, extending its pullback from a 12-day high of 1.6185 to a low of 1.6130, although the 20-day SMA is helping to contain the downside. At time of writing, the pair is trading at the 1.6135 zone, 0.14% below its opening price.
GBP/USD: supports & resistances
As for technical levels, below 1.6130, next supports could be found at 1.6100 (psychological level) and the 1.6084/1.6079 area (10-day SMA/Oct 20 low). On the other hand, resistances are seen at 1.6198/1.6200 (50.0% Fibo of 1.6523-1.5873/psychological level) and 1.6225 (Oct 9 high).
Following a short-lived bounce, GBP/USD resumed the slide, extending its pullback from a 12-day high of 1.6185 to a low of 1.6130, although the 20-day SMA is helping to contain the downside. At time of writing, the pair is trading at the 1.6135 zone, 0.14% below its opening price.
GBP/USD: supports & resistances
As for technical levels, below 1.6130, next supports could be found at 1.6100 (psychological level) and the 1.6084/1.6079 area (10-day SMA/Oct 20 low). On the other hand, resistances are seen at 1.6198/1.6200 (50.0% Fibo of 1.6523-1.5873/psychological level) and 1.6225 (Oct 9 high).