GBP/USD consolidates at daily lows

FXStreet (Córdoba) - GBP/USD dropped to fresh 3-week lows at the beginning of the New York session as the dollar continued to strengthen, extending gains into a third day in a row against the pound.

Cable staged a short-lived bounce to above 1.5300 following the release of worse-than-expected US jobless claims, but quickly returned to daily lows. US initial claims rose by 7,000 to 282,000 in the week ending May 23, from the previous week's revised level of 275,000 and above the 270,000 expected.

GBP/USD technical levels

GBP/USD is currently trading at 1.5275, recording a 0.49% drop on the day. On the downside, immediate supports are seen at 1.5265 (daily low), 1.5245 (May 8 low) and 1.5200 (psychological level). On the other hand, resistances could be found at 1.5384 (daily high), 1.5500 (psychological level) and 1.5455 (21-day SMA).