25 Nov 2013
GBP/USD bounces at 1.6130 and trades back above 1.6150
FXstreet.com (San Francisco) - After losing the 1.6200 area and falling below the 1.6150 level in the early American session, the GBP/USD bounced at 1.6130 and managed to recover ground and traded back at 1.6155.
The USD/GBP chart shows the unit moving 0.38% negative on the day. Short term perspective remains slightly bearish according to the FXstreet.com trend index in the 1-hour chart. MACD, CCI and Momentum indicators are pointing to the south while the Stochastic is bullish.
Above the 1.6160, the GBP/USD exchange rate would face resistance at 1.6180, 1.6000 and 1.6240. In the downside, the pounds to dollars price would find supports at 1.6130, 1.6120 and 1.6070.
The USD/GBP chart shows the unit moving 0.38% negative on the day. Short term perspective remains slightly bearish according to the FXstreet.com trend index in the 1-hour chart. MACD, CCI and Momentum indicators are pointing to the south while the Stochastic is bullish.
Above the 1.6160, the GBP/USD exchange rate would face resistance at 1.6180, 1.6000 and 1.6240. In the downside, the pounds to dollars price would find supports at 1.6130, 1.6120 and 1.6070.