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Forex pairs in this Article » GBP/USD (San Francisco) - The Sterling is trading bullish today against the US Dollar and extending advance from 1.6400 to test the 1.6450 area just after the better than expected US retail sales data.

Earlier in the day, the GBP/USD traded under pressure following the weaker than expected UK CPI data with the pair declining from 1.6445 to trade at 1.6395, however the pair found buying interested there and it started to rise to current levels.

The GBP/USD is now pricing at 1.6440, 0.26% positive on the day. The short term perspective remains slightly bullish according to the FXstreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.

GBP/USD levels

The Sterling to US Dollar exchange rate would face resistance at 1.6450, 1.6475 and 1.6500. On the downside, the cable will find supports at 1.6400, 1.6370 and 1.6345.
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