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Sep 2, 2014
GBP/USD fresh lows en-route to 1.6500
FXStreet (Córdoba) - The GBP/USD has fallen sharply Tuesday and is among the worst performers, as investors shrugged off solid construction PMI data and seemed more focused on the news that the Scottish polling gap is narrowing into the referendum on Sep 18.
Following a short-lived bounce attempt, the Cable attacked the downside once again and broke to fresh 5-month lows. The GBP/USD has fallen as low as 1.6509 and remains within striking distance of the major support at 1.6500.
GBP/USD technical levels
Immediate support is now seen at 1.6508 (Mar 26 low), 1.6500 (psychological level) and then 1.6464 (Mar 24 low). On the other hand, resistances could be found at 1.6590 (200-hour SMA), 1.6612 (Aug 27 & 28 highs) and 1.6645 (Sep 1 high).
Following a short-lived bounce attempt, the Cable attacked the downside once again and broke to fresh 5-month lows. The GBP/USD has fallen as low as 1.6509 and remains within striking distance of the major support at 1.6500.
GBP/USD technical levels
Immediate support is now seen at 1.6508 (Mar 26 low), 1.6500 (psychological level) and then 1.6464 (Mar 24 low). On the other hand, resistances could be found at 1.6590 (200-hour SMA), 1.6612 (Aug 27 & 28 highs) and 1.6645 (Sep 1 high).