GBP/USD resting up after a troublesome week

By FXstreet.com | 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.



comments powered by Disqus
Related Forex Analysis
  1. Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric
    Forex News

    Dollar Finds Capital Market Uncertainties Offset Wavering Fed Rhetoric

  2. US Dollar Pullback May Be Ahead, SPX 500 Slips Below 2000 Again
    Forex News

    US Dollar Pullback May Be Ahead, SPX 500 Slips Below 2000 Again

  3. US Dollar Technical Analysis: Bullish Momentum Fading?
    Forex News

    US Dollar Technical Analysis: Bullish Momentum Fading?

  4. Euro May Be Asymetrically Sensitive if PMI Data Tops Expectations
    Forex News

    Euro May Be Asymetrically Sensitive if PMI Data Tops Expectations

  5. EUR/USD stuck at 1.2850, new triggers are wanted
    Forex News

    EUR/USD stuck at 1.2850, new triggers are wanted

Trading Center