GBP/USD sideways above 1.7000

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Córdoba) - The GBP/USD opened the week steady, posting marginal gains on Monday, after moving all day in a small range above 1.7000. During the European session the pair peaked at 1.7048, but the pulled back finding support around 1.7000.



In the short term the pair remains without a clear trend moving sideways above 1.7000.



GBP/USD levels to watch



To the upside, resistance could be located at 1.7050 - 1.7060 (June 19, 20 and 23 highs) and above here at 1.7090. On the opposite direction, the key short term support might be the area around 1.7000, followed by 1.6965 and 1.6935 (June 17 low).



You May Also Like

Related Forex Analysis
  1. Forex News

    GBP/USD flat, Tuesday’s UK GDP numbers eyed

  2. Forex News

    Exit GBP/USD longs below 1.5640 - Vladimir Mihaylov

  3. Forex News

    GBP/USD steadies above 1.56 handle

  4. Forex News

    GBP/USD Technical Analysis: Treading Water Above 1.55

  5. Forex News

    GBP/USD contained in familiar ranges and illiquid

Trading Center