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GBP/USD unable to hold above 1.6100

FXStreet (Córdoba) - GBP/USD is trading off daily highs back belo 1.6100 following another failed attempt to consolidate above the psychological level.

NIESR released its estimate of the UK GDP and reported a growth of 0.7% in the three months to September versus 0.8% the previous month. However, data had virtually no impact on Cable, which continues to trade barely below 1.6100 after hitting a peak of 1.6128.

GBP/USD levels to watch

As for technical levels, if GBP/USD breaks above 1.6128, next resistances could be found at 1.6182 (10-day SMA) and 1.6200 (psychological level). On the other hand, supports are seen at 1.6025 (intraday low), 1.6000 (round level) and 1.5950 (Oct 3 low).

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