GBP/USD in middle or range on no surprise Yellen

By FXstreet.com | Updated 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).



You May Also Like

Related Forex Analysis
  1. Forex News

    UK Retail Sales rise for 20th consecutive month

  2. Forex News

    GBP/USD surges on Upbeat UK retail sales data

  3. Investing

    GBP/USD Broke Down During Last Session

  4. Forex News

    GBP/USD new low unconfirmed – Commerzbank

  5. Forex News

    GBP/USD declines ahead of retail sales data

Trading Center