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22 Apr 2015
GBP/USD hovers above 1.5000
FXStreet (Córdoba) - GBP/USD retreated from 1-month highs during the New York session as the dollar recovered across the board, but managed to hold above the 1.50 mark.
GBP/USD backed away from a 5-week peak of 1.5078 but the pullback found support at the 1.5010 zone. At time of writing, Cable was trading at 1.5020, 0.65% above its opening price.
GBP/USD was underpinned by BoE minutes published during the European session, as they were perceived as slightly hawkish.
GBP/USD levels to watch
As for technical levels, GBP/USD could find immediate supports at 1.5010 (intraday level), 1.4913 (daily low) and 1.4900 (psychological level). On the other hand, resistances are seen at 1.5078 (daily high), 1.5100 (psychological level) and 1.5193 (100-day SMA).
GBP/USD backed away from a 5-week peak of 1.5078 but the pullback found support at the 1.5010 zone. At time of writing, Cable was trading at 1.5020, 0.65% above its opening price.
GBP/USD was underpinned by BoE minutes published during the European session, as they were perceived as slightly hawkish.
GBP/USD levels to watch
As for technical levels, GBP/USD could find immediate supports at 1.5010 (intraday level), 1.4913 (daily low) and 1.4900 (psychological level). On the other hand, resistances are seen at 1.5078 (daily high), 1.5100 (psychological level) and 1.5193 (100-day SMA).