GBP/USD retests highs after Chicago index

FXstreet.com (Córdoba) - The GBP/USD has managed to advance Monday and climbed to daily highs above 1.6050 during the European session, underpinned by EUR/GBP drop.

GBP/USD steady after US data

GBP/USD peaked at 1.6060 in recent dealings and held pretty much steady just below that level after data showed the Chicago Fed National Activity Index turned positive in August. At time of writing, the Cable is trading at the 1.6055 zone, recording a 0.3% gain on the day.

GBP/USD technical levels

In terms of technical levels, GBP/USD could find immediate resistances at 1.6065 (Sep 20 high), 1.6100 (psychological level) and 1.6162 (Sep 18 high). On the downside, supports are seen at 1.6010 (100-hour SMA) and 1.6000 (psychological level) ahead of 1.5985 (Sep 20 low).