26 Mar 2014
GBP/USD rises to nearly 1-week highs at 1.6565
FXStreet (San Francisco) - The Sterling climbed to highs since March 20 around 1.6565 against the US dollar as investors are trading in a risk on environment that boosted demand for high yielders.
The GBP/USD is currently trading at 1.6550, 0.12% positive on 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
"But there’s still a long way to go to call for a stronger recovery in Pound," Currency Analyst Valeria Bednarik at FXStreet said. "The pair has remains unable to sustain gains beyond 1.6535, 50% retracement of the same rally, and pulled back to the 1.6520 price zone".
If the pair manages to consolidate gains above 1.6550, next resistances are at 1.6565 and 1.6600. On the downside, supports are at 1.6530, 1.6500 and 1.6480.
The GBP/USD is currently trading at 1.6550, 0.12% positive on 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
"But there’s still a long way to go to call for a stronger recovery in Pound," Currency Analyst Valeria Bednarik at FXStreet said. "The pair has remains unable to sustain gains beyond 1.6535, 50% retracement of the same rally, and pulled back to the 1.6520 price zone".
If the pair manages to consolidate gains above 1.6550, next resistances are at 1.6565 and 1.6600. On the downside, supports are at 1.6530, 1.6500 and 1.6480.