FXStreet (San Francisco) - The Sterling is recovering ground against the US Dollar as the GBP/USD is rising from 1.6565 daily lows to test the 1.6590 area.



It seems the pair got fuel from durable good orders and housing data in the US. Currently, GBP/USD is trading at 1.6592, up 0.08% on the day, having posted a daily high at 1.6597 and low at 1.6566.



GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.



GBP/USD levels



If the pair continues to rise, the next resistance is 1.6595 ahead of 1.6600 and 1.6630. On the downside, supports are at 1.6570, 1.6560 and 1.6530.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD trims GDP-inspired gains

  2. Forex News

    Negative bias persists on GBP/USD – Commerzbank

  3. Forex News

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

  4. Forex News

    GBP/USD neutral bias in the near term – Westpac

  5. Forex News

    GBP/USD: Bulls in control, trades above 1.56

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!