GBP/USD hanging around 1.4900

The GBP/USD moved marginally higher during the European session, as markets started the week in a quiet tone.

GBP/USD struggling around 1.4900

GBP/USD managed to hold above the 1.4855 support zone and briefly rose above the 1.4900 mark to hit a daily high of 1.4912. However, the pound lacked momentum to extend the recovery and eased back to the psychological level.

GBP/USD levels

At time of writing, GBP/USD is trading at the 1.4890/1.4900 zone, still up 0.1% on the day. In terms of technical levels, next resistances are seen at 1.4912 (daily high) and 1.5000 (psychological level) while on the downside, supports could be found at 1.4855 (Jul 5 low) and 1.4832 (Mar 12 low).