Forex: GBP/USD remains capped by 1.6050
Forex pairs in this Article »
GBP/USD
FXstreet.com (Córdoba) - The pound continues to oscillate against the greenback as repeated failure at the 1.6050 resistance area left the Cable trapped in a range. Despite several attempts, GBPUSD lacked momentum to break decisively above the 1.6050/55 zone, while buyers continue to emerge at the 1.6010 area, confining the pair to a slim range.
At time of writing, GBPUSD is trading at the 1.6025 zone where it is virtually unchanged since opening. In terms of technical levels, the Talking-Forex.com team locates supports at the 10DMA line at 1.5942, followed by the 200DMA line at 1.5858. On the other hand, resistance levels are seen at the 55DMA line at 1.6063 and then at the 21DMA upper Bollinger level at 1.6138.
At time of writing, GBPUSD is trading at the 1.6025 zone where it is virtually unchanged since opening. In terms of technical levels, the Talking-Forex.com team locates supports at the 10DMA line at 1.5942, followed by the 200DMA line at 1.5858. On the other hand, resistance levels are seen at the 55DMA line at 1.6063 and then at the 21DMA upper Bollinger level at 1.6138.
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