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GBP/USD climbs to daily highs

FXStreet (Córdoba) - GBP/USD pushed a tad higher and printed fresh daily highs during the American session as the dollar gave up some ground versus most competitors after reaching fresh highs.

GBP/USD rebounded from a 2-week low of 1.6212 and climbed to the 1.6270 zone, turning positive for the day, although the 50-hour SMA has capped the advance. Cable however, remains under longer term pressure as the greenback outperforms across the board amid prospects of tightening monetary policy by the Fed.

GBP/USD technical levels


At time of writing, GBP/USD is trading at 1.6260, a few pips above its opening price, with immediate resistances lining up at 1.6300 (psychological level) and 1.6331 (Sept 26 high). On the flip side, supports are seen at 1.6212 (intraday low) and 1.6200 (psychological level).

United States 6-Month Bill Auction remains unchanged at 0.04%

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EUR/JPY is trading at 138.85, up 0.20% on the day, having posted a daily high at 139.16 and low at 138.57.
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