Back
14 May 2013
Forex: GBP/USD prints fourth daily loss in a row
FXstreet.com (Córdoba) - The British pound finds no respite as it extends its downward path against the dollar with the 1.5200 psychological level in sight.
GBP/USD has fallen further during the American afternoon, hitting its lowest level since Apr 23 at 1.5219 before finding support. At time of writing, GBP/USD is trading at the 1.5220/25 area, recording its fourth daily loss in a row, this time for 0.5%.
In terms of technical levels, if the GBP/USD breaks below 1.5220, next supports are seen at 1.5200 (psychological level) and 1.5100. On the upside, resistances could be found at 1.5330 (daily high) and 1.5400 (21-day SMA).
GBP/USD has fallen further during the American afternoon, hitting its lowest level since Apr 23 at 1.5219 before finding support. At time of writing, GBP/USD is trading at the 1.5220/25 area, recording its fourth daily loss in a row, this time for 0.5%.
In terms of technical levels, if the GBP/USD breaks below 1.5220, next supports are seen at 1.5200 (psychological level) and 1.5100. On the upside, resistances could be found at 1.5330 (daily high) and 1.5400 (21-day SMA).