5 Sep 2013
GBP/USD settles below 1.5600
FXstreet.com (Córdoba) - The GBP/USD managed to stabilize in a range during the American afternoon after being rejected from a 6-week high of 1.5666 and slumping back below 1.5600.
GBP/USD pulled back sharply from highs and bottomed out at 1.5572. However, with the subsequent bounce being capped by the 1.56 hurdle, the pair has spent the last hours consolidating within a 20-pip range as investors square positions ahead of the key event of the week, the US nonfarm payrolls.
GBP/USD levels to watch
At time of writing, GBP/USD is trading at the 1.5590 zone, recording a % loss on the day, with immediate supports seen at 1.5570 (100-hour SMA) and 1.5555 (Sep 4 low). On the other hand, next resistances could be found at 1.5600 (psychological level) and 1.5645 (Sep 4 high) ahead of 1.5666 (daily high).
GBP/USD pulled back sharply from highs and bottomed out at 1.5572. However, with the subsequent bounce being capped by the 1.56 hurdle, the pair has spent the last hours consolidating within a 20-pip range as investors square positions ahead of the key event of the week, the US nonfarm payrolls.
GBP/USD levels to watch
At time of writing, GBP/USD is trading at the 1.5590 zone, recording a % loss on the day, with immediate supports seen at 1.5570 (100-hour SMA) and 1.5555 (Sep 4 low). On the other hand, next resistances could be found at 1.5600 (psychological level) and 1.5645 (Sep 4 high) ahead of 1.5666 (daily high).