5 May 2014
GBP/USD attacks the 1.6850 again
FXStreet (New York) - After a brief rebound at 1.5850 daily lows, the GBP/USD attempted a shy recovery that was capped at 1.670 where the pair found renewed selling interest.
Now, the GBP/USD is testing the 1.6850 level again while the pair is pricing at 1.6862, down 0.07% on the day, having posted a daily high at 1.6888 and low at 1.6853.
GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
If the pair manages to clear out the 1.6850 level, the GBP/USD would face supports at 1.6825 and 1.6805. On the upside, resistances are seen at 1.6870, 1.6880 and 1.6900.
Now, the GBP/USD is testing the 1.6850 level again while the pair is pricing at 1.6862, down 0.07% on the day, having posted a daily high at 1.6888 and low at 1.6853.
GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
If the pair manages to clear out the 1.6850 level, the GBP/USD would face supports at 1.6825 and 1.6805. On the upside, resistances are seen at 1.6870, 1.6880 and 1.6900.