GBP/USD testing critical levels

By FXstreet.com | August 08, 2014 AAA

FXStreet (Guatemala) - GBP/USD is trading at 1.6776, down -0.33% on the day, having posted a daily high at 1.6836 and low at 1.6767.



GBP/USD is stationary into the closing hours while technical are stacking up to the downside as we test weekly lows through the 1.68 psychological supporting handle. Closing below that level will surely give the bulls concerns into next weeks business as the bears test critical barriers.



GBP/USD Levels



With spot trading at 1.6774, we can see next resistance ahead at 1.6798 (Daily Classic S2), 1.6808 (Hourly 20 EMA), 1.6822 and 1.6822. Support below can be found at 1.6774 (Daily Classic S3), 1.6767 (Daily Low), 1.6756 (Weekly Classic S1), 1.6690 (Weekly Classic S2) and 1.6645 (Daily 200 SMA).



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