GBP/USD erases daily losses

FXstreet.com (Córdoba) - The British pound managed to reverse intraday losses incurred versus the greenback in the wake of the risk aversion tone surrounding financial markets into the month-end.

After dipping to a low of 1.5184, GBP/USD managed to bounce and regained the 1.5200 mark ahead of the NY opening. At time of writing, GBP/USD is trading at the 1.5230 zone, virtually unchanged since opening.

In terms of technical levels, if GBP/USD picks up momentum and breaks above 1.5240, next resistances could be found at 1.5260 (21-day SMA) and 1.5300 (psychological level), while on the flip side supports are seen at 1.5183 (daily low) and 1.5140 (10-day SMA).