GBP/USD fills the opening gap

FXStreet (Córdoba) – GBP/USD has reversed intraday losses, regained the 1.5700 level and filled the opening gap as markets stabilize and investors continue to assess Greek developments.

GBP/USD picked up strength and climbed more than half a cent over the last minutes. Cable managed to surpass its European session peak of 1.5744 and printed a fresh high of 1.5750 in recent dealings. At time of writing, the pair is trading at 1.5745, virtually unchanged since Friday’s close.

GBP/USD technical levels

In terms of technical levels, GBP/USD could find immediate resistances at 1.5765/70 (Jun 26 high/10-day SMA), 1.5800/02 (psychological level/Jun 24 high) and 1.5830 (Jun 23 high). On the flip side, supports are seen at 1.5662 (Jun 29 low), 1.5624 (Jun 17 low) and 1.5600 (psychological level).

GBP/USD has reversed intraday losses, regained the 1.5700 level and filled the opening gap as markets stabilize and investors continue to assess Greek developments.

(Market News Provided by FXstreet)