GBP/USD extends daily highs around 1.6795

By FXstreet.com | 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.



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