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20 Nov 2013
GBP/USD retreats from 3-week high
FXstreet.com (Córdoba) - The GBP/USD pushed to a fresh 3-week high during the American afternoon benefited by EUR/GBP slump, although the Pound failed to consolidate at highs and pulled back as investors gear up for the FOMC minutes due at 19:00GMT.
The GBP/USD was rejected from a peak of 1.6177 toward the 1.6130 zone where it is currently trading, still up 0.1% above its opening price.
GBP/USD levels to watch
In terms of technical levels, if the GBP/USD breaks decisively above 1.6177, next resistances are seen at 1.6207 (Oct 28 high) and 1.6246 (Oct 25 high). On other hand, supports could be found at 1.6102/00 (daily low/psychological level) and 1.6058 (Nov 19 low).
The GBP/USD was rejected from a peak of 1.6177 toward the 1.6130 zone where it is currently trading, still up 0.1% above its opening price.
GBP/USD levels to watch
In terms of technical levels, if the GBP/USD breaks decisively above 1.6177, next resistances are seen at 1.6207 (Oct 28 high) and 1.6246 (Oct 25 high). On other hand, supports could be found at 1.6102/00 (daily low/psychological level) and 1.6058 (Nov 19 low).