FXstreet.com (Córdoba) - The Cable climbed toward a fresh 2-month high during the American afternoon as the dollar was sold-off across the board although without a clear trigger.
After bouncing from the 100-hour SMA around 1.6110, GBP/USD rose nearly 70 pips and hit its strongest level since early October at 1.6176 before losing momentum. At time of writing, the cross is quoting at the 1.6170 zone, up 0.4% on the day, and on track to close the week with a net gain of 0.8%.
As for technical levels, immediate resistances could be found at 1.6176 (intraday high), 1.6200 (psychological level) and 1.6225, while supports are seen at 1.6100, 1.6115 (100-hour SMA) and 1.6090 (200-hour SMA).
After bouncing from the 100-hour SMA around 1.6110, GBP/USD rose nearly 70 pips and hit its strongest level since early October at 1.6176 before losing momentum. At time of writing, the cross is quoting at the 1.6170 zone, up 0.4% on the day, and on track to close the week with a net gain of 0.8%.
As for technical levels, immediate resistances could be found at 1.6176 (intraday high), 1.6200 (psychological level) and 1.6225, while supports are seen at 1.6100, 1.6115 (100-hour SMA) and 1.6090 (200-hour SMA).
