FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that GBP/USD waits for Wednesday.



Key Quotes:



“UK employment figures and inflation report along with Mark Carney will hit the wires”.



“In the meantime, the GBP/USD trades uneventfully around its 2 month low of 1.6766 posted last Friday, presenting a short term neutral stance according to the 1 hour chart”.



“In the 4 hours one however, the technical picture is bearish with price below its 20 SA and indicators in negative territory, albeit showing no strength at the time being”.



“A daily descendant trend line coming from this year high stands today around 1.6840, and as long as below, bears will remain in control”.



“Support levels: 1.6770 1.6730 1.6695”.



“Resistance levels: 1.6800 1.6840 1.6885”.



You May Also Like

COMPANIES IN THIS ARTICLE
Related Forex Analysis
  1. Forex News

    Dollar Rising on Back of GDP and FOMC but Not Enough for Breakout

  2. Forex News

    GBP/USD Fails Shy of Well-Defined 1.5700 Level

  3. Forex News

    GBP/USD trades back above 1.5600

  4. Forex News

    GBP/USD falls to fresh lows sub-1.5600

  5. Forex News

    Dollar Forecast Improves, Indicator Shows it May Rally Across the Board

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!