GBP/USD in middle or range on no surprise Yellen

By FXstreet.com | August 22, 2014 AAA

FXStreet (Guatemala) - GBP/USD is trading at 1.6577, down -0.01% on the day, having posted a daily high at 1.6598 and low at 1.6568.



GBP/USD is settled in the middle of the range today with Yellen giving us what we had expected as being Dovish and not giving us anything new in relation to expectations of hikes from the Fed – the dollar remains firm.



GBP/USD hourly levels



With spot trading at 1.6578, we can see next resistance ahead at 1.6580 (Daily Open), 1.6580 (Monthly Low), 1.6580 (Weekly Low), 1.6582 (Daily Classic PP) and 1.6582 (Hourly 20 EMA). Support below can be found at 1.6568 (Daily Low), 1.6564 (Yesterday's Low), 1.6562 (Daily Classic S1), 1.6544 (Daily Classic S2) and 1.6540 (Weekly Classic S2).



comments powered by Disqus
Related Forex Analysis
  1. USD/JPY crashes below 106.50, more downside in store
    Forex News

    USD/JPY crashes below 106.50, more downside in store

  2. Trading Video: Is the S&P 500 Rebound, VIX Retreat a Trend or Interlude
    Forex News

    Trading Video: Is the S&P 500 Rebound, VIX Retreat a Trend or Interlude

  3. EUR/USD bulls wake up and drive pair above 1.2800
    Forex News

    EUR/USD bulls wake up and drive pair above 1.2800

  4. Strategy Video: Which is the Better Breakout Candidate - AUDUSD or EURJPY?
    Forex News

    Strategy Video: Which is the Better Breakout Candidate - AUDUSD or EURJPY?

  5. AUD/USD Range Endures With Clearer Cues From Candlesticks Desired
    Forex News

    AUD/USD Range Endures With Clearer Cues From Candlesticks Desired

Trading Center