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 capped by 1.4900

  2. Forex News

    GBP/USD shorts preferred, target 1.44 - ING

  3. Forex News

    GBP/USD recovers to 1.4890

  4. Forex News

    Outlook for FX majors – Littlefish FX

  5. Forex News

    UK election could bring back bouts of volatility – Danske Bank

Trading Center