GBP/USD losing the 1.68 handle on doves

By FXstreet.com | June 11, 2014 AAA

FXStreet (Guatemala) - GBP/USD is trading at 1.6796, up 0.24% on the day, having posted a daily high at 1.6813 and low at 1.6738.



GBP/USD has ducked in below the 1.68 handle post a strong advance from the European markets today on the back of UK labour data and stronger job gains. However, the wage growth remained quite weak. RBS analysts explained that “While some members see the monetary policy decision as becoming more balanced, Governor Carney speaks tomorrow at the Mansion House dinner and is likely to maintain a fairly dovish outlook”.



GBP/USD Levels



With spot trading at 1.6796, we can see next resistance ahead at 1.6802 (Daily Classic R1), 1.6813 (Daily High), 1.6819 (Yesterday's High), 1.6820 (Weekly High) and 1.6848 (Daily Classic R2). GBP/USD Levels Support below can be found at 1.6792 (Hourly 100 SMA), 1.6791 (Daily 20 SMA), 1.6783 (Weekly Classic PP), 1.6779 (Hourly 20 EMA) and 1.6773 (Daily Classic PP).



comments powered by Disqus
Related Forex Analysis
  1. GBP/USD sitting pretty despite lower CPI’s
    Forex News

    GBP/USD sitting pretty despite lower CPI’s

  2. GBP/USD technical are mixed - Scotiabank
    Forex News

    GBP/USD technical are mixed - Scotiabank

  3. Still solid GDP growth - BNP
    Forex News

    Still solid GDP growth - BNP

  4. GBP/USD extends gains, nears 1.6100
    Forex News

    GBP/USD extends gains, nears 1.6100

  5. USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles
    Forex News

    USDOLLAR Breaks October Downtrend, GBP’s GDP Rally Fizzles

Trading Center