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2 Jun 2014
GBP/USD moving back towards 1.6750
FXStreet (Guatemala) - GBP/USD is trading at 1.6747, down -0.04% on the day, having posted a daily high at 1.6772 and low at 1.6725.
GBP/USD has been picking up to the midway point again of the 1.67 handle after the disappointing mortgage approvals and an on-consensus PMI for the UK. Meanwhile, Valeria Bednarik, chief analyst at FXStreet suggested in an article that a price acceleration either above 1.6770 or below 1.6690 is required to confirm a more directional move ahead.
GBP/USD Levels
Current price is 1.6748, with resistance ahead at 1.6749 (Hourly 100 SMA), 1.6749 (Hourly 20 EMA), 1.6749 (Daily Classic PP), 1.6772 (Daily Open) and 1.6772 (Daily High). Next support to the downside can be found at 1.6725 (Daily Low), 1.6720 (Daily Classic S1), 1.6714 (Yesterday's Low), 1.6710 (Monthly Low) and 1.6710 (Weekly Low).
GBP/USD has been picking up to the midway point again of the 1.67 handle after the disappointing mortgage approvals and an on-consensus PMI for the UK. Meanwhile, Valeria Bednarik, chief analyst at FXStreet suggested in an article that a price acceleration either above 1.6770 or below 1.6690 is required to confirm a more directional move ahead.
GBP/USD Levels
Current price is 1.6748, with resistance ahead at 1.6749 (Hourly 100 SMA), 1.6749 (Hourly 20 EMA), 1.6749 (Daily Classic PP), 1.6772 (Daily Open) and 1.6772 (Daily High). Next support to the downside can be found at 1.6725 (Daily Low), 1.6720 (Daily Classic S1), 1.6714 (Yesterday's Low), 1.6710 (Monthly Low) and 1.6710 (Weekly Low).