24 Jan 2014
GBP/USD found support near 1.6600
FXstreet.com (Edinburgh) - The pound is now trading on a softer tone against the greenback, with the GBP/USD finding support around 1.6600 the figure after posting multi-year highs near 1.6670.
GBP/USD consolidates above 1.6600
The pair remains buoyant above the 1.6600 handle - and it seems the sterling is pretty comfortable at these levels - well sustained by the recent solid UK data and the likeliness that normalization in the UK monetary policy is closer. Market participants would be following M.Carney’s speech today in Davos with the centre of attention in the UK jobless rate.
GBP/USD key levels
The pair is now reverting a positive start, losing 0.05% at 1.6625 with the next support at 1.6558 (low Jan.23) ahead of 1.6452 (low Jan.22) and then 1.6400 (low Jan.21). On the upside, a surpass of 1.6668 (2014 high Jan.24) would aim for the psychological level at 1.6700.
GBP/USD consolidates above 1.6600
The pair remains buoyant above the 1.6600 handle - and it seems the sterling is pretty comfortable at these levels - well sustained by the recent solid UK data and the likeliness that normalization in the UK monetary policy is closer. Market participants would be following M.Carney’s speech today in Davos with the centre of attention in the UK jobless rate.
GBP/USD key levels
The pair is now reverting a positive start, losing 0.05% at 1.6625 with the next support at 1.6558 (low Jan.23) ahead of 1.6452 (low Jan.22) and then 1.6400 (low Jan.21). On the upside, a surpass of 1.6668 (2014 high Jan.24) would aim for the psychological level at 1.6700.