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GBP/USD stalls after all-year highs visit

FXstreet.com (Chicago) – GBP/USD seems to be forging grounds after retracing from all-year peaks ahead of Wall Street’s closing.

With a GDP at 1.5% matching expectations, the UK seems on track. With market participants digesting better than expected results in the US and the latest UK results, the pound strengthens considerably.

GBP/USD Technical Levels

Price action reveals the pair stalls after retracing from session highs on spike to all-year highs at 1.6332 earlier today. 0.33% stronger for the day, the pair is now offered at 1.6268 and oscillates between the supports aligned at 1.6217 (November 26th highs), 1.6175 (November 22nd lows) ahead …read more