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28 Aug 2013
GBP/USD hits fresh 2-week lows
FXstreet.com (Córdoba) - The GBP/USD fell to fresh 2-week lows ahead of the US opening as risk aversion amid growing tensions in Syria are weighing on the pound.
GBP/USD weighed by risk aversion
GBP/USD broke below yesterday’s low at the 1.5480 area and stretched to a fresh trough of 1.5456 in recent dealings as the cautious mood keeps investors getting rid of the GBP and other high yielding currencies in benefit of the USD and the JPY.
At time of writing, GBP/USD is trading at the 1.5465 area, where it records a 0.5% loss on the day. On the data front, BoE Governor Carney is due to speak before the parliament while in the US investors will be watching pending home sales figures.
GBP/USD technical levels
As for technical levels, GBP/USD could face immediate supports at 1.5456 (daily low), 1.5420 (Aug 14 low) and 1.5400 (psychological level). On the other hand, supports are seen at 1.5500 (psychological level/20-day SMA) and 1.5550 (daily high).
GBP/USD weighed by risk aversion
GBP/USD broke below yesterday’s low at the 1.5480 area and stretched to a fresh trough of 1.5456 in recent dealings as the cautious mood keeps investors getting rid of the GBP and other high yielding currencies in benefit of the USD and the JPY.
At time of writing, GBP/USD is trading at the 1.5465 area, where it records a 0.5% loss on the day. On the data front, BoE Governor Carney is due to speak before the parliament while in the US investors will be watching pending home sales figures.
GBP/USD technical levels
As for technical levels, GBP/USD could face immediate supports at 1.5456 (daily low), 1.5420 (Aug 14 low) and 1.5400 (psychological level). On the other hand, supports are seen at 1.5500 (psychological level/20-day SMA) and 1.5550 (daily high).