5 Feb 2014
GBP/USD extends advance to 1.6330
FXStreet (San Francisco) - The Sterling recovered all of its early losses against the US Dollar and after bouncing at 1.6250 in the American Morning, the GBP/USD has traded as high as 1.6330 in the latest few minutes.
The GBP/USD is currently trading at 1.6315, 0.05% down in the day. The short term perspective remains strongly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.
GBP/USD sentiment
"For those who like their fibo retracement levels, 1.6351 happens to be the 23.6% retracement of the 1.6668-1.6252 sell-off," comments FXBeat Gerry Davies.
Above the 1.6330, the GBP/USD would face resistances at 1.6340 and 1.6350. On the downside, supports are at 1.6250, 1.6215 and 1.6120. The last level is an interesting point ahead of the Friday's Non Farm Payrolls report.
The GBP/USD is currently trading at 1.6315, 0.05% down in the day. The short term perspective remains strongly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.
GBP/USD sentiment
"For those who like their fibo retracement levels, 1.6351 happens to be the 23.6% retracement of the 1.6668-1.6252 sell-off," comments FXBeat Gerry Davies.
Above the 1.6330, the GBP/USD would face resistances at 1.6340 and 1.6350. On the downside, supports are at 1.6250, 1.6215 and 1.6120. The last level is an interesting point ahead of the Friday's Non Farm Payrolls report.