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GBP/USD hits fresh highs above 1.5200

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Córdoba) - GBP/USD pushed a little further and climbed beyond the 1.52 mark to post its highest level since the nonfarm payrolls were released.

    GBP/USD briefly rose above the psychological level and peaked at 1.5219, roughly at the same level it did last Friday. However, Cable eased from highs and is struggling to hold up above 1.5200, currently trading at 1.5203, recording a 0.57% gain on Wednesday.

    GBP/USD levels to watch


    In terms of technical levels, next next resistances could be found at 1.5218 (Nov 6 high), 1.5263 (10-day SMA) and 1.5300 (psychological level). On the flip side, supports might be faced at 1.5090 (Nov 10 low), 1.5040 (Nov 9 low) and 1.5025 (Nov 6 low) followed by 1.5000 (psychological level).
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