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15 Dec 2014
GBP/USD consolidates near lows
FXStreet (Córdoba) - GBP/USD extended its decline at the beginning of the American session and hit fresh daily lows as the greenback strengthened across the board.
GBP/USD fell briefly below 1.5650 and hit a fresh 6-day low of 1.5644 before recovering some ground to trade around 1.5665, still 0.32% below its opening price.
On the data front, US industrial production rose 1.3% in November versus 0.6% expected, but the dollar failed to build gains on the figures.
GBP/USD levels to watch
As for technical levels, next supports are seen at 1.5644 (daily low), 1.5625 (Dec 9 low) and 1.5600 (psychological level). On the other hand, resistances could be found at 1.5745 (daily high), 1.5755 (Dec 11 high) and 1.5800 (psychological level).
GBP/USD fell briefly below 1.5650 and hit a fresh 6-day low of 1.5644 before recovering some ground to trade around 1.5665, still 0.32% below its opening price.
On the data front, US industrial production rose 1.3% in November versus 0.6% expected, but the dollar failed to build gains on the figures.
GBP/USD levels to watch
As for technical levels, next supports are seen at 1.5644 (daily low), 1.5625 (Dec 9 low) and 1.5600 (psychological level). On the other hand, resistances could be found at 1.5745 (daily high), 1.5755 (Dec 11 high) and 1.5800 (psychological level).