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1 Oct 2013
GBP/USD briefly dips below 1.6200
FXstreet.com (Córdoba) - The GBP/USD came under pressure and cut most of its daily gains during the New York session as the greenback strengthened in the wake of the solid ISM manufacturing PMI.
Following a phase of consolidation just below a 9-month high of 1.6259, GBP/USD came under pressure and pulled back briefly below 1.6200 toward the 1.6190 area before finding support. At time of writing, GBP/USD is trading at the 1.6210 zone, still 0.2% above its opening price.
GBP/USD levels to watch
In terms of technical levels, Valeria Bednarik, chief analyst at FXstreet.com locates immediate supports at 1.6160 and 1.6100, while she sees resistances at 1.6260, 1.6300 and 1.6335.
Following a phase of consolidation just below a 9-month high of 1.6259, GBP/USD came under pressure and pulled back briefly below 1.6200 toward the 1.6190 area before finding support. At time of writing, GBP/USD is trading at the 1.6210 zone, still 0.2% above its opening price.
GBP/USD levels to watch
In terms of technical levels, Valeria Bednarik, chief analyst at FXstreet.com locates immediate supports at 1.6160 and 1.6100, while she sees resistances at 1.6260, 1.6300 and 1.6335.