29 Jan 2015
GBP/USD accelerates below 1.5100
FXStreet (Córdoba) - GBP/USD broke below 1.5100 and accelerated losses during the American session as the dollar picked up momentum across the board.
GBP/USD has lost nearly 100 pips over the last hours and fell all the way to 1.5022 before finding support. Following a phase of consolidation, the pound came under renewed pressure versus the greenback and the euro, without a clear catalyst.
GBP/USD levels to watch
At time of writing, GBP/USD is trading at the 1.5040 zone, recording a 0.67% loss on the day. Immediate supports are seen at 1.5000 (psychological level) and 1.4950 (18-month low Jan 23). The 1.5100 level has now turned into resistance and it is followed by the 1.5160/66 zone (20-day SMA/daily high).
GBP/USD has lost nearly 100 pips over the last hours and fell all the way to 1.5022 before finding support. Following a phase of consolidation, the pound came under renewed pressure versus the greenback and the euro, without a clear catalyst.
GBP/USD levels to watch
At time of writing, GBP/USD is trading at the 1.5040 zone, recording a 0.67% loss on the day. Immediate supports are seen at 1.5000 (psychological level) and 1.4950 (18-month low Jan 23). The 1.5100 level has now turned into resistance and it is followed by the 1.5160/66 zone (20-day SMA/daily high).