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4 May 2015
GBP/USD hovers around 1.5100
FXStreet (Córdoba) - GBP/USD bounced from daily lows and settled around mid dayly range during the American session, as in the absence of economic news investors take a cautious stance ahead of the UK elections on Thursday and US nonfarm payrolls on Friday.
GBP/USD bottomed out at 1.5089 but managed to climb back above the 1.51 mark and it has spent the last hours in a tight range, unable to set short-term direction. At time of writing, the pair is trading at 1.5125, down 0.15% on the day.
GBP/USD levels to watch
As for technical levels, GBP/USD could find immediate supports at 1.5089 (daily low), 1.5026 (Apr 24 low) and 1.5000 (psychological level). On the flip side, resistances could be found at 1.5159 (100-day SMA), 1.5174 (daily high) and 1.5200 (psychological level).
GBP/USD bottomed out at 1.5089 but managed to climb back above the 1.51 mark and it has spent the last hours in a tight range, unable to set short-term direction. At time of writing, the pair is trading at 1.5125, down 0.15% on the day.
GBP/USD levels to watch
As for technical levels, GBP/USD could find immediate supports at 1.5089 (daily low), 1.5026 (Apr 24 low) and 1.5000 (psychological level). On the flip side, resistances could be found at 1.5159 (100-day SMA), 1.5174 (daily high) and 1.5200 (psychological level).