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19 Mar 2014
GBP/USD finds resistance at 1.6655 and trades back to 1.6615
FXStreet (San Francisco) - The Sterling's advance against the US Dollar from 1.6585 found resistance at daily highs around 1.6655 where the pair failed to extends gains and it was launched back to price at 1.6615.
The GBP/USD is currently trading at 1.6620, 0.15% positive in the day. The short term perspective is slightly bearish according to the FXStreet trend index in the 15-minute chart. CCI and Momentum are pointing to the south while the MACD is neutral and the Stochastic is bullish.
GBP/USD levels
A breakdown of 1.6545 (low Mar.18) would open the door to supports at 1.6500 (psychological level) and then 1.6425 (low Feb.12). On the upside, if the pair recovers the 1.6650, resistances are at 1.6667 (high Mar.17) ahead of 1.6719 (high Mar.13).
The GBP/USD is currently trading at 1.6620, 0.15% positive in the day. The short term perspective is slightly bearish according to the FXStreet trend index in the 15-minute chart. CCI and Momentum are pointing to the south while the MACD is neutral and the Stochastic is bullish.
GBP/USD levels
A breakdown of 1.6545 (low Mar.18) would open the door to supports at 1.6500 (psychological level) and then 1.6425 (low Feb.12). On the upside, if the pair recovers the 1.6650, resistances are at 1.6667 (high Mar.17) ahead of 1.6719 (high Mar.13).