GBP/USD shoots up to eye 1.69 handle

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - GBP/USD is trading at 1.6880 after a sharp rally on the closing bell in wall street.



GBP/USD has been chasing back way from the 1.68 handle while Karen Jones, chief analyst at Commerzbank explained that slightly longer term, they continue to believe that the market has topped at 1.70… “We would expect losses to 1.6480/67 the 23.6% retracement of the 2013-2014 move and the March low”.



GBP/USD Levels



Current price is 1.6880, with resistance ahead at 1.6895 (Daily Classic R3) and 1.6899 (Monthly High). Next support to the downside can be found at 1.6821 (Daily Classic R1), 1.6820 (Weekly High), 1.6820 (Hourly 20 EMA), 1.6813 (Yesterday's High) and 1.6794 (Hourly 100 SMA).



You May Also Like

Related Forex Analysis
  1. Forex News

    GBP/USD back to 1.5060

  2. Investing

    GBP/USD Shows Support at 1.50

  3. Forex News

    GBP/USD back below 1.5100, UK GDP eyed

  4. Forex News

    GBP/USD may witness a pullback before heading upwards – FXStreet

  5. Forex News

    GBP/USD wavers around 1.5100, UK GDP eyed

Trading Center