GBP/USD Trims Most Daily Gains

GBP/USD Trims Most Daily Gains

28 April 2016, 16:23
Roberto Jacobs

GBP/USD Trims Most Daily Gains

GBP/USD was rejected once again from the 1.4620 zone and fell back below the 1.46 mark, trimming most of its intraday gains.

GBP/USD pulled back to a session low of 1.4540 and settled in a range over the last hours just above that level despite a disappointing US GDP reading and higher than expected jobless claims for the last week. At time of writing, the pair is trading at 1.4560, 0.13% above its opening price.

GBP/USD levels to watch

In terms of technical levels, next supports are seen at 1.4494 (Apr 27 low), 1.4411 (100-day SMA) and 1.4299 (Apr 21 low). On the other hand, resistances could be found at 1.4638 (Apr 26 high), 1.4667 (Feb 4 high) and 1.4700 (psychological level).


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