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5 Jun 2013
GBP/USD peeps above 1.5400
FXstreet.com (Córdoba) - The Cable made a marginal new high during the American afternoon, rising briefly above the 1.5400 mark.
GBP/USD printed a fresh 1-month high of 1.5403 but continues to struggle to decisively break above that level. At time of writing, GBP/USD is trading around 1.5400, where it records a 0.6% gain on Wednesday.
In terms of technical levels, above 1.5400/05, next resistances could be faced at 1.5470 (May 8 low) and 1.5500 (psychological level). On the other hand, supports are seen at 1.5345 (100-day SMA) and 1.5290 (daily low).
GBP/USD printed a fresh 1-month high of 1.5403 but continues to struggle to decisively break above that level. At time of writing, GBP/USD is trading around 1.5400, where it records a 0.6% gain on Wednesday.
In terms of technical levels, above 1.5400/05, next resistances could be faced at 1.5470 (May 8 low) and 1.5500 (psychological level). On the other hand, supports are seen at 1.5345 (100-day SMA) and 1.5290 (daily low).