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31 Dec 2014
GBP/USD consolidates ear weekly highs
FXStreet (Córdoba) - GBP/USD inched higher and is trading near this week’s highs in a quiet session to close the year.
GBP/USD moved into a higher range Wednesday and climbed to a daily peak of 1.5581, but momentum was lacking as investors gear up for the New Year holiday. At time of writing, Cable is trading at 1.5575, 0.09% above its opening price.
Overall, GBP/USD is headed to close December with a loss for sixth month in a row, putting the pound on track to end 2014 6.1% lower.
GBP/USD levels to watch
As for short-term technical levels, GBP/USD could find next resistances at 1.5585 (Dec 29 high), 1.5600 (psychological level) and 1.5625 (21-day SMA). On the other hand, supports are seen at 1.5548 (daily low), 1.5500 (psychological level/Dec 30 low) and 1.5485 (2014 low Dec 23).
GBP/USD moved into a higher range Wednesday and climbed to a daily peak of 1.5581, but momentum was lacking as investors gear up for the New Year holiday. At time of writing, Cable is trading at 1.5575, 0.09% above its opening price.
Overall, GBP/USD is headed to close December with a loss for sixth month in a row, putting the pound on track to end 2014 6.1% lower.
GBP/USD levels to watch
As for short-term technical levels, GBP/USD could find next resistances at 1.5585 (Dec 29 high), 1.5600 (psychological level) and 1.5625 (21-day SMA). On the other hand, supports are seen at 1.5548 (daily low), 1.5500 (psychological level/Dec 30 low) and 1.5485 (2014 low Dec 23).