OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/USD falls to test support at 100-hour SMA

FXStreet (Córdoba) - GBP/USD extended losses and dropped to test fresh daily lows as the pound underperforms versus major competitors.

GBP/USD was rejected from the 1.5300 area and came under pressure, reversing early gains and posting a fresh low of 1.5233 before finding support at the 100-day SMA. At time of writing, the pair is trading at 1.5240, posting a 0.33% decline on the day.

GBP/USD levels to watch

In terms of technical levels, next supports could be found at 1.5227/33 (Nov 19 & 20 lows), 1.5208 (10-day SMA), and then 1.5187 (Nov 18 low). On the other hand, resistances are seen at 1.5304 (50-day SMA), 1.5340 (200-day SMA) and 1.5400 (psychological level).

EUR/CAD offered at hourly 200-MA after Canada data

The EUR/CAD pair was offered at the hourly 200-MA at 1.4245 after the Bank of Canada’s (BOC) core inflation was reported higher than estimates.
Read more Previous

Belgium Consumer Confidence Index climbed from previous -8 to -4 in November

Belgium Consumer Confidence Index climbed from previous -8 to -4 in November
Read more Next
Start livechat