GBP/USD testing lower again, on 1.7030

By FXstreet.com | Updated July 30, 2014 AAA

FXStreet (Guatemala) - GBP/USD is trading at 1.7034, down -0.16% on the day, having posted a daily high at 1.7097 and low at 1.7024.



Carney hasn’t offered anything new in the BoE minutes and said effectively that rates rises will depend on economic data. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish. Looking to momentum indicators, the hourly 200 SMA is currently at 1.7064, down from the last close at 1.7100 and declining.



GBP/USD Levels



Spot is presently trading at 1.7037, and next resistance can be seen at 1.7041 (Yesterday's Low),1.7053 (Hourly 20 EMA), and 1.7064 (Weekly Low). Support below can be found at 1.7024 (Daily Low), 1.7017 (Weekly Classic S1), 1.6999 (Daily Classic S3) and 1.6984 (Monthly Low).



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    GBP/USD steadies above 1.56 handle

  2. Forex News

    GBP/USD Technical Analysis: Treading Water Above 1.55

  3. Forex News

    GBP/USD contained in familiar ranges and illiquid

  4. Investing

    GBP/USD: 2015 Forex Forecast

  5. Forex News

    Weekly Trading Forecast: How Far can the Dollar Go in 2014?

Trading Center