GBP/USD clings to 1.3300

GBP/USD has receded from fresh monthly highs as the greenback managed to take a breather following the NFP-inspired slump.

GBP/USD reached a peak of 1.3351, last seen Aug 3, before pulling back to the 1.3300 zone. Cable was last trading at 1.3305, recording a 0.34% gain on the day.

GBP/USD is on track to close the week with gains for third time in a row, supported by strong UK data in contrast with disappointing releases for the US.

GBP/USD levels to consider

As for technical levels, immediate resistances could be found at 1.3351 (Sep 2 high), 1.3370 (Aug 2 high) and 1.3480 (Jul 15 high). On the other hand, supports are seen at 1.3180 (50-day SMA), 1.3127 (Sep 1 low), 1.3058 (Aug 29 & 30 low), 1.3000 (psychological level) and 1.2978 (Aug 17 low).