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 technically mixed with Fed ahead - Scotiabank

  2. Forex News

    GBP/USD up to test key levels on 1.51 handle

  3. Forex News

    Forex Top Movers: US counterattack in the 'currency war;' USD tumbles

  4. Forex News

    GBP/USD rises further after US durable goods orders

  5. Forex News

    GBP/USD gains limited by 1.5170 – UOB Group

Trading Center