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Forex pairs in this Article » GBP/USD (London) - GBP/USD is looking for a convincing move through the 1.64 handle as markets start to digest the beige book and ride the data releases of the day ahead of more flows from the rest of the week.

ISM non-manufacturing did not extend its recent strong performance in Nov, coming in lower at 53.9 vs the 55.0 consensus. Oct new home sales to came in at 444K vs 432 consensus. Meanwhile, we await the BoE tomorrow and further key data from the US to give markets a clue on what the start if 2014 has in store. Key data from the Us will include GDP, NFP’s and the Unemployment rate

GBP/USD Levels

The 20 DMA is 1.6160, the 50 DMA is 1.6113 and the 200 DMA is 1.5551. RSI (14) reads 52.61. Supports are 1.6277, 1.6298, 1.6310 and 1.6343. Spot is 1.6378 while resistances are 1.6425 1.6443, 1.6455 and 1.6475.
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