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3 Oct 2013
GBP/USD dropping below 1.6158 support
FXstreet.com (Chicago) - GBP/USD falls to bearish pressure in the afternoon of the American trading session.
The US continues paralyzed politically by the government shutdown. American data shows mixed job market data: initial jobless claims at 308K vs. expected 313K and 2.925M vs. estimates at 2.810M for continuing jobless claims.
GBP/USD Technical Levels
Offered at 1.6158, the pair is right on the immediate support (September 18th highs) facing 1.6095 (September 26th highs) and 1.6014 (September 23rd lows). On the upside, resistances are set at 1.6259 (session highs), 1.6310 (December 15th 2012 highs) followed by 1.6376 (January 2nd highs). FXstreet.com reports the pair as slightly bearish on one-hour timeframe analysis – trend index.
The US continues paralyzed politically by the government shutdown. American data shows mixed job market data: initial jobless claims at 308K vs. expected 313K and 2.925M vs. estimates at 2.810M for continuing jobless claims.
GBP/USD Technical Levels
Offered at 1.6158, the pair is right on the immediate support (September 18th highs) facing 1.6095 (September 26th highs) and 1.6014 (September 23rd lows). On the upside, resistances are set at 1.6259 (session highs), 1.6310 (December 15th 2012 highs) followed by 1.6376 (January 2nd highs). FXstreet.com reports the pair as slightly bearish on one-hour timeframe analysis – trend index.