29 Oct 2013
GBP/USD glued to 1.6085 support
FXstreet.com (Chicago) - GBP/USD continues under bearish pressure after drop from the 1.61 front for a decline of 0.30% so far ahead of US data later in the day.
GBP/USD Technical Levels
Technically speaking, the pair is offered at 1.6090 and seems to drift away from the immediate support aligned at 1.6085 (session lows) facing 1.6018 (October 14th highs) and 1.5951 (October 14th lows) in broken. On the upside, the resistances are set at 1.6125 (October 23rd lows), 1.6179 (October 21st highs) followed by 1.6224 (October 23rd highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.
GBP/USD Technical Levels
Technically speaking, the pair is offered at 1.6090 and seems to drift away from the immediate support aligned at 1.6085 (session lows) facing 1.6018 (October 14th highs) and 1.5951 (October 14th lows) in broken. On the upside, the resistances are set at 1.6125 (October 23rd lows), 1.6179 (October 21st highs) followed by 1.6224 (October 23rd highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.