20 Nov 2013
GBP/USD mixed on data releases
FXstreet.com (London) - GBP/USD has a number of data releases to muddle through with CPI and Retail Sales on the last half hour stick.
CPI for Oct year on year came in line with expectations at 1.0% while Retail Sales improved month on month for Oct at 0.4% vs 0.1% consensus. This number has supported the dollar on the pairs decent from near todays high of 1.6163, trading in a bracket of 1.6130/50. The market now awaits existing home sales coming up.
GBP/USD Levels
The 20 DMA is 1.6064, the 50 DMA is 1.6050 and the 200 DMA is 1.5505. RSI (14) reads 64.24. Supports are ascending from 1.5988, 1.6048, 1.6060, 1.6094, and 1.6115. Spot is currently 1.6144, 1.6207, 1.6262 and 1.6310.
CPI for Oct year on year came in line with expectations at 1.0% while Retail Sales improved month on month for Oct at 0.4% vs 0.1% consensus. This number has supported the dollar on the pairs decent from near todays high of 1.6163, trading in a bracket of 1.6130/50. The market now awaits existing home sales coming up.
GBP/USD Levels
The 20 DMA is 1.6064, the 50 DMA is 1.6050 and the 200 DMA is 1.5505. RSI (14) reads 64.24. Supports are ascending from 1.5988, 1.6048, 1.6060, 1.6094, and 1.6115. Spot is currently 1.6144, 1.6207, 1.6262 and 1.6310.