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GBP/USD consolidates below 1.6150

FXStreet (Córdoba) - GBP/USD stretched a little higher and printed fresh 11-day high at the beginning of the New York session, although the move lacked follow-through and settled in a range right below.

In the absence of economic data, Cable has been confined to a quieter phase above the 1.61 mark, in tandem with a softer greenback across the board. At time of writing, GBP/USD is trading at 1.6135, recording a 0.29% gain on the day.

GBP/USD technical levels

In terms of technical levels, if GBP/USD breaks above 1.6150/55 area (intraday high/21-day SMA), next resistances could be found at 1.6200 (psychological level) and 1.6225 (Oct 9 high). On the other hand, supports are seen at 1.6080/75 (daily low/10-day SMA), 1.6028 (Oct 17 low).

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