GBP/USD extends daily highs around 1.6795

By FXstreet.com | Updated August 11, 2014 AAA

FXStreet (San Francisco) - The slow and heavy Sterling's recovery versus the US Dollar found resistance at 1.6790 earlier in the European session with the pair being rejected to 1.6775. However the GBP/USD is resuming its advance and now it is trading at new daily highs around 1.6795.



Currently, GBP/USD is trading at 1.6793, up 0.12% on the day, having posted a daily high at 1.6795 and low at 1.6770. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish.



GBP/USD levels



If the pair extends gains above current levels, it would face next resistances at 1.6800, 1.6820 and 1.6850. On the downside, supports are at 1.6775 and 1.6765.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD might find sellers near 1.5185/95 – AceTrader

  2. Forex News

    Dollar Suffers First Two-Day Drop In 7 Weeks Before Fed

  3. Forex News

    Trading Video: Dollar and S&P 500 Look Precarious Before FOMC

  4. Forex News

    Strategy Video: Fed Decision Set to Trigger Dollar, Risk Response

  5. Forex News

    GBP/USDD: 1.5330 on the cards? - FXStreet

Trading Center