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27 Nov 2013
GBP/USD eyes 2013 high
FXstreet.com (Córdoba) - Boosted by a solid UK GDP reading, the GBP/USD extended gains Wednesday and reached its highest level in 11 months during the European session.
GBP/USD breaks above 1.6300
The GBP/USD broke decisively above October highs (at the 1.6260 zone), triggering stops orders, and climbed to its highest level since Jan 2 at 1.6327. However, the Cable lost momentum and retreated somewhat, although it keeps its 2013 high in sight. At time of writing, GBP/USD is trading at the 1.6305 zone, recording a 0.6% gain on the day ahead of a bunch of US indicators.
GBP/USD technical levels
In terms of technical levels, the GBP/USD could find next resistances at 1.6327 (daily high), 1.6380 (Jan 2 high) and 1.6400 (psychological level). On the other hand, supports could be find at 1.6260 (former resistance) and 1.6197 (daily low).
GBP/USD breaks above 1.6300
The GBP/USD broke decisively above October highs (at the 1.6260 zone), triggering stops orders, and climbed to its highest level since Jan 2 at 1.6327. However, the Cable lost momentum and retreated somewhat, although it keeps its 2013 high in sight. At time of writing, GBP/USD is trading at the 1.6305 zone, recording a 0.6% gain on the day ahead of a bunch of US indicators.
GBP/USD technical levels
In terms of technical levels, the GBP/USD could find next resistances at 1.6327 (daily high), 1.6380 (Jan 2 high) and 1.6400 (psychological level). On the other hand, supports could be find at 1.6260 (former resistance) and 1.6197 (daily low).