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Forex pairs in this Article » GBP/USD (London) - GBP/USD is still trading around the 61.8% retracement at the start of this week.

GBP/USD is steady on the start of the session at 1.5385 while there is a thin calendar today. US pending home sales will be the only thing in focus before things start to pick up for the pair later in the week, kicking off with the release of US Q2 GDP, then FOMC, PMI’s and BoE. What will Carney bring to the table?

GBP/USD failing?

Danske Bank’s Technical Update offers 20d ma at 1.5161, 50d ma at 1.5288, 200 d ma at 1.5580 and RSI (9) printing 63.91. Supports are 1.5270, 1.5280, and 1.5297, while at the time of writing Spot is 1.5387. Resistances are 1.5397 1.5436, 1.5442, and 1.5480. Failures to the topside will bring about the bear’s attentions to the 1.5270 accelerated uptrend and support area. A close here is required below to alleviate the upside pressure and avert continued gains.
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