7 Sep 2015
GBP/USD hovers below 1.5300
FXStreet (Córdoba) - GBP/USD managed to rise further and printed fresh highs for the day during a quiet American session given the US Labour Day holiday.
The pound was among the best performers Monday, recovering from a 4-month low of 1.5164 scored last Friday on the back of US nonfarm payrolls release. GBP/USD has climbed as high as 1.5287 in recent dealings and it was last trading at 1.5280, recording a 0.73% daily gain.
Next Thursday, the Bank of England will decide on monetary policy, although no changes are expected at this point.
GBP/USD technical levels
In terms of technical levels, immediate resistances line up 1.5287 (Sep 7 high), 1.5300 (psychological level) and 1.5355 (200-day SMA). On the flip side, supports could be found at 1.5164 (Sep 4 low) and 1.5088 (May 5 low) ahead 1.5026 (Apr 24 low).
The pound was among the best performers Monday, recovering from a 4-month low of 1.5164 scored last Friday on the back of US nonfarm payrolls release. GBP/USD has climbed as high as 1.5287 in recent dealings and it was last trading at 1.5280, recording a 0.73% daily gain.
Next Thursday, the Bank of England will decide on monetary policy, although no changes are expected at this point.
GBP/USD technical levels
In terms of technical levels, immediate resistances line up 1.5287 (Sep 7 high), 1.5300 (psychological level) and 1.5355 (200-day SMA). On the flip side, supports could be found at 1.5164 (Sep 4 low) and 1.5088 (May 5 low) ahead 1.5026 (Apr 24 low).