FXstreet.com (Córdoba) - The dollar trades weaker versus most competitors on Friday as market's optimism picks up ahead of the weekend, although the pound continues to lag.
GBP/USD bounced from an European session low of 1.6017 and having risen over 50 pips ever since, it recently printed a 4-day high of 1.6075. However, the recovery stalled just shy from its 200-hour SMA (1.6078), and GBP/USD eased slightly to currently quote at the 1.6065 zone, 0.1% above its opening price.
In terms of technical levels, immediate resistances are seen at 1.6075, 1.6100 and 1.6120, while supports could be found at 1.6025, 1.6000 and 1.5975.
GBP/USD bounced from an European session low of 1.6017 and having risen over 50 pips ever since, it recently printed a 4-day high of 1.6075. However, the recovery stalled just shy from its 200-hour SMA (1.6078), and GBP/USD eased slightly to currently quote at the 1.6065 zone, 0.1% above its opening price.
In terms of technical levels, immediate resistances are seen at 1.6075, 1.6100 and 1.6120, while supports could be found at 1.6025, 1.6000 and 1.5975.
