FXStreet (Guatemala) - Currently, GBP/USD is trading at 1.7038, up 0.26% on the day, having posted a daily high at 1.7065 and low at 1.6976.



GBP/USD has been an impressive performer, up to fresh multi year highs and despite a vaguely disappointing retail sales release. But, as Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank explained, the sudden hawkish stance by Governor Carney juxtaposed against a dovish Chair Yellen have provided the catalyst for a near‐term rally. She further added that technicals also warn of further near‐term upside, with the next level being 1.71. See chart.



GBP/USD Levels



Spot is presently trading at 1.7039, and next resistance can be seen at 1.7057 (Daily Classic R2), 1.7063 (Weekly Classic R1), 1.7065 (Daily High), 1.7109 (Daily Classic R3) and 1.7155 (Weekly Classic R2). Support below can be found at 1.7025 (Daily Classic R1), 1.7018 (Hourly 20 EMA), 1.7005 (Yesterday's High), 1.6994 (Monthly High) and (Weekly High).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    BoE to hike this year - Danske

  2. Forex News

    GBP/USD trims GDP-inspired gains

  3. Forex News

    Negative bias persists on GBP/USD – Commerzbank

  4. Forex News

    GBP Gains from GDP Report, BoE Rate Hopes - USD to Follow on FOMC?

  5. Forex News

    GBP/USD neutral bias in the near term – Westpac

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!