10 Dec 2013
GBP/USD remains trading sideways around 1.6440
FXstreet.com (Buenos Aires) - After trading at highest levels since August 2011 at 1.6465 in the Asian session, the GBP/USD has been trading in consolidation mode around 1.6440 area.
Currently, the GBP/USD is pricing at 1.6430, flat on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 1-hour chart. CCI and Momentum are pointing to the south while the Stochastic and the MACD are neutral.
GBP/USD critical levels
The GBP/USD would face barriers at 1.6443 (high Dec.2) followed by 1.6467 (2013 high Dec.10) and then 1.6500 (psychological level). On the flip side, a breakdown of 1.6415 (high Dec.9) would open the door to 1.6393 (high Dec,6) and finally 1.6344 (MA10d).
Currently, the GBP/USD is pricing at 1.6430, flat on the day. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 1-hour chart. CCI and Momentum are pointing to the south while the Stochastic and the MACD are neutral.
GBP/USD critical levels
The GBP/USD would face barriers at 1.6443 (high Dec.2) followed by 1.6467 (2013 high Dec.10) and then 1.6500 (psychological level). On the flip side, a breakdown of 1.6415 (high Dec.9) would open the door to 1.6393 (high Dec,6) and finally 1.6344 (MA10d).