GBP/USD looking for a close on 1.71 handle

By | Updated July 30, 2014 AAA

FXStreet (Guatemala) - GBP/USD is trading at 1.7116, down -0.09% on the day, having posted a daily high at 1.7153 and low at 1.7099.

GBP/USD is stubborn on 1.71 handle and meanwhile, daily RSI is in neutral territory at 64.67. There is now little that could give us impetus to break through the support line of the psychological handle and it appears we are in for a slow finish for the week and the moves on the poorer performances of the week are done.

GBP/USD Levels

Spot is presently trading at 1.7116, and next resistance can be seen at 1.7116 (Weekly Classic PP), 1.7123 (Hourly 20 EMA), 1.7127 (Weekly Low), 1.7130 (Hourly 100 SMA) and 1.7132 (Daily Open). Support below can be found at 1.7105 (Yesterday's Low), 1.7101 (Daily Classic S1), 1.7099 (Daily Low), 1.7071 (Daily Classic S2) and 1.7060 (Daily 20 SMA).

You May Also Like

Related Forex Analysis
  1. Forex News

    Weekly Trading Forecast: FOMC, GDP, Greece and Much More Ahead

  2. Forex News

    British Pound Likely to Rally Further, but Watch these Two Key Risks

  3. Forex News

    Strategy Video: Can We Still Trade Amid Central Banks, HFT, Exuberance

  4. Forex News

    UK Election Campaign unfolding neck and neck - TDS

  5. Forex News

    Key UK events next week; Manufacturing PMI - TDS

Trading Center