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Forex pairs in this Article » GBP/USD
FXstreet.com (Chicago) - GBP/USD continues printing lower highs and lows giving in the 1.61 front and attempting to retake it in the afternoon of the American trading session.

Data, equities

Earlier housing data, the Rightmove House Price index (YoY) in the UK was 4%, improving a 3.8%. In the IS, the NAHB housing market index was 54 vs. expected 55. So far, the markets print mixed results in Wall Street and the FTSE100 closed 0.45% stronger.

GBP/USD Technical Levels

Technically speaking, a strong bearish pressure is evidences with hourly charts displaying a retracement from 1.6151 session highs. Losing the 1.61 front after having rebound from 1.6081 lows, the pair is offered at 1.6097 and oscillates between the supports aligned at 1.6018 (November 11 highs), 1.5951 (September 24th lows) followed by 1.5894 (October 18th lows) and the resistances set at 1.61 (November 14th highs), 1.6147 (November 18th highs) ahead of 1.62 (October 27th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and presents a neutral EMA20.
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