FXStreet (Guatemala) - GBP/USD is trading at 1.6832, up 0.27% on the day, having posted a daily high at 1.6861 and low at 1.6786.



GBP/USD has been chasing back way from the 1.68 handle while Karen Jones, chief analyst at Commerzbank explained that slightly longer term, they continue to believe that the market has topped at 1.70… “We would expect losses to 1.6480/67 the 23.6% retracement of the 2013-2014 move and the March low”.



GBP/USD Levels



Current price is 1.6834, with resistance ahead at 1.6853 (Daily Classic R2), 1.6861 (Daily High), 1.6866 (Weekly Classic R1), 1.6895 (Daily Classic R3) and 1.6899 (Monthly High). Next support to the downside can be found at 1.6821 (Daily Classic R1), 1.6820 (Weekly High), 1.6820 (Hourly 20 EMA), 1.6813 (Yesterday's High) and 1.6794 (Hourly 100 SMA).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD hits 4-week highs, nears 1.5700

  2. Forex News

    US Dollar Risks to the Downside on a Break of these Key Levels

  3. Forex News

    GBP/USD: pushes through key fib resistance, will it sustain?

  4. Forex News

    GBP/USD turns positive, prints high of 1.5638

  5. Forex News

    UK mortgage lending beats expectations in June - BOE

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!