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16 Jul 2015
GBP/USD holds above 1.5600 ahead of Carney and Yellen
FXStreet (Córdoba) - GBP/USD managed to recover from daily lows around 1.5560 and regained the 1.56 mark as the dollar recedes across the board and investors attention turns to BoE Carney speech and Fed Yellen testimony later on the day.
GBP/USD rose more than half a cent over the last hours but the recovery was capped by the 1.5620 zone, confining the pair to a quieter phase ahead of central bankers’ speeches. At time of writing, Cable is trading at 1.5615, still 0.14% below its opening price.
GBP/USD technical levels
In terms of technical levels, GBP/USD could find immediate resistances at 1.5649 (Jul 16 high), 1.5674 (Jul 15 high) and 1.5700 (psychological level). On the other hand, supports are seen at 1.5559 (Jul 16 low/50-day SMA), 1.5527 (10-day SMA) and 1.5500 (psychological level).
GBP/USD rose more than half a cent over the last hours but the recovery was capped by the 1.5620 zone, confining the pair to a quieter phase ahead of central bankers’ speeches. At time of writing, Cable is trading at 1.5615, still 0.14% below its opening price.
GBP/USD technical levels
In terms of technical levels, GBP/USD could find immediate resistances at 1.5649 (Jul 16 high), 1.5674 (Jul 15 high) and 1.5700 (psychological level). On the other hand, supports are seen at 1.5559 (Jul 16 low/50-day SMA), 1.5527 (10-day SMA) and 1.5500 (psychological level).