GBP/USD resting up after a troublesome week

By FXstreet.com | Updated August 22, 2014 AAA

FXStreet (Guatemala) - GBP/USD is trading at 1.6577, down -0.02% on the day, having posted a daily high at 1.6598 and low at 1.6561.



GBP/USD is resting up after another punishing week to the downside, and entering new lower handles. 1.6560 gave the pair some support from a light touch decent around Yellens speech. The pair here is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is strongly bearish. Looking to a daily chart, we see that RSI is neutral at 24.09.



Support levels: 1.6560, 1.6545 1.6510 and 1.6470.



Resistance levels: 1.6600, 1.6630 16680 and 1.6710.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Weekly Trading Forecast: Expect Heavy Seas Between NFPs, ECB and RBA

  2. Forex News

    Trading Video: Expect Volatility for the Dollar, Equities, Euro...Everything

  3. Forex News

    GBP/USD Stalls at Key Juncture - Outlook Hinges on BoE, NFP

  4. Forex News

    GBP/USD: Bears need a break of 20 dma at 1.5333

  5. Forex News

    GBP/USD upside capped at 1.5460

Trading Center