1. Hello Guest Click here to check FX Binary Point Financial Directory

GBP/USD extends rally to 2-week highs

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Córdoba) - Pound continues to push higher versus a weaker US dollar, with GBP/USD climbing to fresh 2-week highs during the New York session.

    GBP/USD broke above post-ECB highs and stretched to a peak of 1.5178 so far, with the pair holding at highs and aiming to retest the 1.52 area. At time of writing, the pair is trading at 1.5173, recording a 1.11% daily gain following three consecutive losses.

    GBP/USD technical levels

    In terms of technical levels, next resistances are seen at 1.5195/1.5200 (Nov 23 high/psychological level) and 1.5235 (50-day SMA). On the other hand, supports could be found at 1.5000 (psychological level/intraday low), 1.4955 (Dec 8 low) and 1.4894 (Dec 2 low).

    What will 2016 bring to the Forex traders? Attend our Forex Forecast 2016 - The Panel with Ashraf Laidi, Valeria Bednarik, Boris Schlossberg, Adam Button, Ivan Delgado and Dale Pinkert. Register for the live event on Dec. 18thand get the recording too.

    For more information, read our latest forex news.

Share This Page