Forex: GBP/USD pressing R1 resistance
Forex pairs in this Article »
GBP/USD
FXstreet.com (Barcelona) - GBPUSD has continued its leg higher following this morning pre open dip lower and now sits comfortably underneath both Camarilla and Fibonacci R1 Resistance at 1.6178 and 1.6176 respectively.
Spot, currently trading at 1.6173 is finding some short term guidance from the hourly 5 MA and RSI has picked up and is at 62 with an upside bias in play. Greek Retail Sales have come in at -18.1% against -11.8% previous and doesn't look to have had any impact on sentiment at all. Now, with today's economic calendar complete, and New years celebrations this evening, volume looks extremely low ahead.
Spot, currently trading at 1.6173 is finding some short term guidance from the hourly 5 MA and RSI has picked up and is at 62 with an upside bias in play. Greek Retail Sales have come in at -18.1% against -11.8% previous and doesn't look to have had any impact on sentiment at all. Now, with today's economic calendar complete, and New years celebrations this evening, volume looks extremely low ahead.
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