26 Nov 2013
GBP/USD falters ahead of 1.6200
FXstreet.com (Córdoba) - The GBP/USD managed to trim some of yesterday's losses during the European session as the greenback weakened amid lower yields.
GBP/USD eases from highs
GBP/USD picked up momentum and rose to a high of 1.6194 in recent dealings, but stalled ahead of the 1.6200 mark and pulled back slightly. At time of writing, the Cable is trading at the 1.6180 zone, still up 0.2% on the day. During the European session BOE Governor Carney will appear before the Treasury Select Committee to discuss the BOE's Inflation report.
GBP/USD levels to watch
In terms of technical levels, the GBP/USD could find immediate supports at 1.6145 (daily low) and 1.6130 (10-day SMA). On the other hand, resistances are seen at 1.6194 (daily high) and 1.6239 (Nov 25 high).
GBP/USD eases from highs
GBP/USD picked up momentum and rose to a high of 1.6194 in recent dealings, but stalled ahead of the 1.6200 mark and pulled back slightly. At time of writing, the Cable is trading at the 1.6180 zone, still up 0.2% on the day. During the European session BOE Governor Carney will appear before the Treasury Select Committee to discuss the BOE's Inflation report.
GBP/USD levels to watch
In terms of technical levels, the GBP/USD could find immediate supports at 1.6145 (daily low) and 1.6130 (10-day SMA). On the other hand, resistances are seen at 1.6194 (daily high) and 1.6239 (Nov 25 high).