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Forex pairs in this Article » GBP/USD (Chicago) - GBP/USD stalls below the 1.60 front ahead of Wall Street’s closing. The pair managed to trade above the 1.60 zone momentarily but lost strength in the afternoon of the American trading session.

GBP/USD Technical Levels

Offered at 1.5985, the pair oscillates between the supports aligned at 1.5951 (November 4th lows), 1.5916 (November 1st lows) followed by 1.5843 (January 31st highs) and the resistances set at 1.6018 (October 29th lows), 1.6117 (November 6th highs) followed by 1.62 (October 25th highs). According to the trend index, the pair is slightly bearish on one-hour timeframe analysis and navigates above the EMA20.
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