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Forex pairs in this Article » GBP/USD
FXStreet (Guatemala) - Sterling had recovered the losses from 1.6686 to the lows of 1.6640 throughout a session and a half of data releases from Europe and the US, reaching towards 1.6700 where the pair meets supply again.

The most positive release for the dollar, besides some up beat sounding minutes from the FOMC yesterday and accompanying commentary from fed officials since, was the surprisingly robust Markit Manufacturing PMI for Feb read 56.7 vs 53.0 and 53.7 previous. However, the Pound is struggling ahead of 1.6700 now and has reversed south pressing lower in the 1.6660’s as Consumer confidence disappointed at -12.7 vs -11.25 consensus and also the Philly Fed came in lower at -6.3 vs a consensus of 8.0.

GBP/USD Levels

The 20 DMA is 1.6518, the 50 DMA is 1.6456 and the 200 DMA is 1.5889. RSI (14) reads 56.83. Supports are ascending from 1.6559, 1.6594, 1.6605, 1.6637, 1.6665 while resistances are 1.6695, 1.6726, 1.6745 and 1.6757.
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