GBP/USD reaches 4-month peak

FXstreet.com (Córdoba) - The GBP/USD has continued to push higher during the American session and recently reached a fresh 4-month high.

GBP/USD stalls ahead of 1.5700

GBP/USD peaked at 1.5698 but stalled just at the 200-day SMA, which acts as dynamic resistance just ahead the 1.5700 psychological level. At time of writing, GBP/USD is trading around 1.5685, where it records a 0.3% daily gain.

Above 1.5700, the pair could find resistances at 1.5765 (Feb 7 high) and 1.5800, while supports are seen at 1.5640 (intraday support) and 1.5600 (psychological level).