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21 Jun 2013
GBP/USD threatens Thursday's lows
FXstreet.com (Córdoba) - The GBP/USD extended losses at the beginning of the American session as the greenback found renewed strength.
GBP/USD resumes the decline
Following a limited bounce, GBP/USD resumed the decline but found temporal support at the 1.5470 level. However, US investors pushed GBP/USD lower and sent it to a low of 1.5422, just a few pips above Thursday's trough.
At time of writing, GBP/USD is trading at the 1.5430 zone, where it records a 0.5% loss on the day, with immediate supports at 1.5413 (Jun 20 low) and 1.5380 (50-day SMA) and resistances at 1.5490 (20-hour SMA) and 1.5530 (daily high).
GBP/USD resumes the decline
Following a limited bounce, GBP/USD resumed the decline but found temporal support at the 1.5470 level. However, US investors pushed GBP/USD lower and sent it to a low of 1.5422, just a few pips above Thursday's trough.
At time of writing, GBP/USD is trading at the 1.5430 zone, where it records a 0.5% loss on the day, with immediate supports at 1.5413 (Jun 20 low) and 1.5380 (50-day SMA) and resistances at 1.5490 (20-hour SMA) and 1.5530 (daily high).