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30 May 2014
GBP/USD: recovery falters
FXStreet (Córdoba) - The recovery of the GBP/USD from 1-month lows proved to be short-lived after the Cable stalled at 1.6757 during the European session.
The GBP/USD failed to overcome the 1.6760 area and came under renewed pressure, retracing most of its intraday gains ahead of the American opening. No UK data is scheduled for today but a bunch of US key figures are on the calendar while 3 FOMC member are set to speak, which could offer some catalyst to the pair.
GBP/USD technical levels
The GBP/USD is currently trading at the 1.6725/30 zone, still 0.09% above its opening price, with immediate resistances lining up at 1.6757 (May 30 high), 1.6768 (50-day SMA) and 1.6815 (May 28 high). On the other hand, supports are seen at 1.6692 (May 29 low), 1.6663 (100-day SMA) and 1.6603 (Apr 8 low).
The GBP/USD failed to overcome the 1.6760 area and came under renewed pressure, retracing most of its intraday gains ahead of the American opening. No UK data is scheduled for today but a bunch of US key figures are on the calendar while 3 FOMC member are set to speak, which could offer some catalyst to the pair.
GBP/USD technical levels
The GBP/USD is currently trading at the 1.6725/30 zone, still 0.09% above its opening price, with immediate resistances lining up at 1.6757 (May 30 high), 1.6768 (50-day SMA) and 1.6815 (May 28 high). On the other hand, supports are seen at 1.6692 (May 29 low), 1.6663 (100-day SMA) and 1.6603 (Apr 8 low).