19 Dec 2014
GBP/USD stuck between 5-DMA and 10-DMA
FXStreet (Mumbai) - The GBP/USD pair trades lackluster in a narrow range defined by the 5-DM and the 10-DMA levels located at 1.5655 and 1.5673 respectively.
The cable has shrugged-off the UK Gfk consumer confidence survey data released earlier today to trade largely unchanged at 1.5663. The confidence indicator slipped to -4 in December, beating the estimate of -1, and down from the previous print of -2. The pair may take cues from the UK public finances data due for release later today.
GBP/USD Technical Levels
The pair has an immediate resistance located at 1.5673, above which gains could be extended to 1.5737. Meanwhile, support is seen at 1.5655 and 1.5631 levels.
The cable has shrugged-off the UK Gfk consumer confidence survey data released earlier today to trade largely unchanged at 1.5663. The confidence indicator slipped to -4 in December, beating the estimate of -1, and down from the previous print of -2. The pair may take cues from the UK public finances data due for release later today.
GBP/USD Technical Levels
The pair has an immediate resistance located at 1.5673, above which gains could be extended to 1.5737. Meanwhile, support is seen at 1.5655 and 1.5631 levels.