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30 Sep 2013
GBP/USD pullback contained, nears 9-month highs
FXstreet.com (Córdoba) - The GBP/USD managed to halt its intraday decline and bounce from lows during the European session after data showed mortgage approvals rose to 62,226 in August, reaching its highest in 5 ½ years.
The GBP/USD had peaked at 9-month high scored at 1.6180 during the Asian trade, but the subsequent setback was contained by the 1.6130 area most recently. At time of writing, GBP/USD is trading at 1.6155, 0.1% above its opening price. With little ahead on the economic calendar, investors focus will likely remain on Italy political turmoil and the US budget deadline.
GBP/USD technical levels
In terms of technical levels, GBP/USD could face immediate resistances at 1.6180 (daily high) and 1.6200 (psychological level), while supports line up at 1.6130 (daily low), 1.6100 (psychological level), and 1.6055 (10-day SMA).
The GBP/USD had peaked at 9-month high scored at 1.6180 during the Asian trade, but the subsequent setback was contained by the 1.6130 area most recently. At time of writing, GBP/USD is trading at 1.6155, 0.1% above its opening price. With little ahead on the economic calendar, investors focus will likely remain on Italy political turmoil and the US budget deadline.
GBP/USD technical levels
In terms of technical levels, GBP/USD could face immediate resistances at 1.6180 (daily high) and 1.6200 (psychological level), while supports line up at 1.6130 (daily low), 1.6100 (psychological level), and 1.6055 (10-day SMA).