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2 Jan 2014
GBP/USD finds support at 1.6465
FXstreet.com (San Francisco) - After losing around 135 pips from 1.6600 in the first trading session of 2014, the GBP/USD seems to have found support at 1.6465 where the pair has bounced back to price at 1.6490.
Currently, the GBP/USD is trading at 1.6487, 0.48% negative on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic and the RSI are bullish.
The Pound was rejected by the 1.6600 area in the Asian session after posting the 1.6602 as fresh highest since August 2011. Since then, the Cable lost 135 pips and broke the 1.6550 support. Now GBP/USD is testing 1.6465 key level.
GBP/USD levels
Below the 1.6465, the GBP/USD would face supports at 1.6455, 1.6435 and 1.6400. On the upside, resistances are at 1.6530, 1.6545 and 1.6600.
Currently, the GBP/USD is trading at 1.6487, 0.48% negative on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the south while the Stochastic and the RSI are bullish.
The Pound was rejected by the 1.6600 area in the Asian session after posting the 1.6602 as fresh highest since August 2011. Since then, the Cable lost 135 pips and broke the 1.6550 support. Now GBP/USD is testing 1.6465 key level.
GBP/USD levels
Below the 1.6465, the GBP/USD would face supports at 1.6455, 1.6435 and 1.6400. On the upside, resistances are at 1.6530, 1.6545 and 1.6600.