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16 Sep 2013
GBP/USD hits fresh 8-month high
FXstreet.com (Córdoba) - The GBP/USD gathered momentum and jumped to a fresh 8-month high at the beginning of the American session after data showed the September NY Empire State Manufacturing Index unexpectedly drop.
GBP/USD resumed the rise
After the recent correction was contained by the 21-hour SMA around 1.5915, GBP/USD picked up fresh momentum and rose to its highest level since Jan 18 at 1.5962, leaving the weekly opening gap still in place. At time of writing, GBP/USD is trading at the 1.5955 zone, where it is 0.2% above its opening price.
GBP/USD levels to watch
In terms of technical levels, if GBP/USD breaks above 1.5962 (daily high), next resistances are seen at 1.5500/05 (psychological level/Jan 18 high) and 1.6040 (Jan 17 high). On the flip side, supports could be found at 1.5915 (daily low), 1.5900 (psychological level) and 1.5872 (Friday’s close).
GBP/USD resumed the rise
After the recent correction was contained by the 21-hour SMA around 1.5915, GBP/USD picked up fresh momentum and rose to its highest level since Jan 18 at 1.5962, leaving the weekly opening gap still in place. At time of writing, GBP/USD is trading at the 1.5955 zone, where it is 0.2% above its opening price.
GBP/USD levels to watch
In terms of technical levels, if GBP/USD breaks above 1.5962 (daily high), next resistances are seen at 1.5500/05 (psychological level/Jan 18 high) and 1.6040 (Jan 17 high). On the flip side, supports could be found at 1.5915 (daily low), 1.5900 (psychological level) and 1.5872 (Friday’s close).