FXStreet (Guatemala) - GBP/USD is trading at 1.6812, up 0.15% on the day, having posted a daily high at 1.6817 and low at 1.6757.



Despite the progression today back onto the 1.68 handle, Camilla Sutton, CFA, CMT, Chief FX Strategist at Scotiabank evaluated that the GBP/USD short‐term technical are indeed bearish. “Support lies at the 200‐day MA at 1.6658 and resistance lies at the 100‐day of 1.6880. The longer‐term technical GBP outlook is turning increasingly bearish, with the currency having broken several levels of support, including its year‐long upward trend line."



GBP/USD Levels



Spot is presently trading at 1.6812, and next resistance can be seen at 1.6817 (Daily High), 1.6826 (Daily Classic R3), 1.6835 (Hourly 200 SMA), 1.6853 (Weekly Classic R1) and 1.6877 (Daily 100 SMA). Support below can be found at 1.6810 (Weekly Classic PP), 1.6808 (Hourly 100 SMA), 1.6799 (Daily Classic R1) and 1.6797 (Yesterday's High).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD struggles to recover above hourly 200-MA

  2. Forex News

    GBP/USD supported around 1.5550 – OCBC Bank

  3. Forex News

    GBP/USD: Bulls losing grip, back below 1.56

  4. Forex News

    GBP/USD consolidated above 1.56

  5. Forex News

    GBP/USD Technical Analysis: Quiet Consolidation Continues

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!