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4 Jun 2014
GBP/USD unable to break 1.6765 area for now...
FXStreet (San Francisco) - The GBP/USD's recovery from 1.6700 found resistances at the 200-hour MA level around 1.6765 where the pair was rejected to trade back at 1.6750.
Currently, GBP/USD is trading at 1.6753, up 0.03% on the day, having posted a daily high at 1.6770 and low at 1.6699. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
GBP/USD levels
According to Gerry Davies from FXBeat, there is a "talk of sell orders clustered 1.6780/85 and more noticeable up at 1.6800/10. Sell stops remain through 1.6690."
Above the 1.6765 level, the GBP/USD would face resistances at 1.6782 (high Jun.3) and then 1.6816 (high May 28). On the downide, below the 1.6750, supports are at 1.6730 and 1.6700.
Currently, GBP/USD is trading at 1.6753, up 0.03% on the day, having posted a daily high at 1.6770 and low at 1.6699. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.
GBP/USD levels
According to Gerry Davies from FXBeat, there is a "talk of sell orders clustered 1.6780/85 and more noticeable up at 1.6800/10. Sell stops remain through 1.6690."
Above the 1.6765 level, the GBP/USD would face resistances at 1.6782 (high Jun.3) and then 1.6816 (high May 28). On the downide, below the 1.6750, supports are at 1.6730 and 1.6700.