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GBP/USD another attempt to 1.6100

FXStreet (Edinburgh) - There she goes again! The sterling keeps its marginal gains vs. the greenback at the end of the week, lifting once again GBP/USD to the boundaries of 1.6100 the figure.

GBP/USD recovers from 1.5880

The pair managed to bounce off levels last seen in September 2013 around 1.5880/75 (Wednesday), regaining the 1.6000 psychological resistance and closing the present week near 1.6100 the figure. Moving forwards to next week, the UK calendar looks very promising with BoE minutes (Wednesday), Retail Sales (Thursday) and the preliminary note of the Q3 GDP (Friday). “While the up-move appears incomplete, a sustained break above the 1.6120/25 high seen earlier this week is unlikely. Expect the support at 1.6010 to hold from here”, noted strategists at UOB Group.

GBP/USD important levels

The pair is now up 0.03% at 1.6093 and a surpass of 1.6126 (high Oct.13) would expose 1.6135 (high Oct.10) and then 1.6162 (Kijun Sen). On the downside, a breach of 1.5940 (low Oct.16) would open the door to 1.5875 (low oct.15) and finally 1.5854 (low Nov.12 2013).

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