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21 Jun 2013
GBP/USD breaks 1.5400 support
FXstreet.com (Córdoba) - The GBP/USD broke below the 1.5400 mark and printed fresh lows as stocks lose steam and the greenback extends gains across the board.
GBP/USD falls below 50-day SMA
GBP/USD has lost over 160 pips from daily highs and dropped to a fresh 2-week low of 1.5371, having pierced below the 50-day SMA. At time of writing, GBP/USD is trading around 1.5375/80, where it records a 0.8% daily loss, following a modest bounce on Thursday.
Next supports are now seen at 1.5365 (200 SMA in 4-hour chart) and 1.5318 (100-day SMA), while resistances could be found at 1.5480 (20-hour SMA) and 1.5530 (daily high).
GBP/USD falls below 50-day SMA
GBP/USD has lost over 160 pips from daily highs and dropped to a fresh 2-week low of 1.5371, having pierced below the 50-day SMA. At time of writing, GBP/USD is trading around 1.5375/80, where it records a 0.8% daily loss, following a modest bounce on Thursday.
Next supports are now seen at 1.5365 (200 SMA in 4-hour chart) and 1.5318 (100-day SMA), while resistances could be found at 1.5480 (20-hour SMA) and 1.5530 (daily high).