FXStreet (Guatemala) - GBP/USD is trading at 1.6692, up 0.04% on the day, having posted a daily high at 1.6703 and low at 1.6677.



GBP/USD is consolidating the downside and remains in a slow grind sub of the 1.67 handle. Meanwhile, Karen Jones, chief analyst at Commerzbank noted that the GBP/USD has been here testing and is so far holding the 200 day moving average at 1.6664. “The rebound from here is indicated to terminate at 1.6760/1.6825, i.e. the rebound should halt ahead of the 6 week downtrend and while capped here the market will remain directly offered”.



GBP/USD hourly levels



Spot is presently trading at 1.6692, and next resistance can be seen at 1.6690 (Hourly 20 EMA), 1.6699 (Yesterday's High), 1.6703 (Daily High), 1.6704 (Daily Classic R1) and 1.6723 (Daily Classic R2). Support below can be found at 1.6686 (Weekly Classic S2) and 1.6680 (Daily Classic PP).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    EURUSD and GBPUSD Will Decide Make-or-Break In Holiday Trading Conditions

  2. Forex News

    FX: CFTC Commitments of Traders Report - TDS

  3. Forex News

    GBP/USD bulls need to catch their breath

  4. Forex News

    GBP/USD lid turn tighter on Yellen and dollar strength

  5. Forex News

    GBP/USD back to 1.5000 in time - Rabobank

Trading Center