GBP/USD, bulls comeback?

FXstreet.com (Chicago) – GBP/USD sparked breaking out immediate resistance, now support, at 1.5576 as the pair erases earlier losses to gain 0.10% against the greenback.

Syrian Conflict

US stocks fell after US Secretary of State John Kerry commented on “undeniable” use of chemical weapons that caused nearly 1,300 deaths last week in Syria. Allies contemplate the possibility of taking measures after civilian attack in the country implying potential counter-measure attacks.

GBP/USD Technical Levels

Price action reveals heavy buying as market participants weight earlier weaker-than-expected durable goods orders results. At 1.5581, the pair fluctuates between supports at 1.5576 (August 8th highs), 1.5562 …read more