Filed Under:
Forex pairs in this Article » GBP/USD (London) - GBP/USD has spiked up breaching the 1.5970 level and eyes 1.5999 resistance as the next key hurdle.

The USD has been sold off across the board and is slightly offered as markets snap at profits with oil on the bounce as well as technical levels in EUR and JPY taken. Moves across the board will be nervous ahead of the data flows that are coming up later on in the week that include the BoE and NFP’s at the end of the week.

GBP/USD Levels

The 20 DMA is 1.6070, the 50 DMA is 1.5940 and the 200 DMA is 1.5486. RSI (14) reads 57.17. Supports are ascending from 1.5829, 1.5844, 1.5869, 1.5894, and 1.5917. Spot is currently 1.5969 while resistances are coming in at 1.5999 , 1.6015, 1.6046 and 1.6079.
comments powered by Disqus