24 Apr 2014
GBP/USD fails to regain 1.6800
FXStreet (Córdoba) - The GBP/USD failed to sustain above 1.6800 and pulled back to settle just below after a brief appearance.
The GBP/USD rose to a daily high of 1.6805 but found resistance at the 50-hour SMA. However, with the subsequent setback being contained by 1.6775 the pair was contained to a phase of consolidation. At time of writing, the GBP/USD is trading at 1.6780, virtually unchanged on the day.
GBP/USD technical levels
In terms of technical levels, if the GBP/USD breaks above 1.6805, next resistances are seen at 1.6835 (Apr 23 high) and 1.6841 (Apr 17 high) ahead of 1.6876 (Nov 2009 high). On the flip side, supports are seen at 1.6762 (Apr 23 low), 1.6719 (Apr 16 low) and 1.6700 (psychological level).
The GBP/USD rose to a daily high of 1.6805 but found resistance at the 50-hour SMA. However, with the subsequent setback being contained by 1.6775 the pair was contained to a phase of consolidation. At time of writing, the GBP/USD is trading at 1.6780, virtually unchanged on the day.
GBP/USD technical levels
In terms of technical levels, if the GBP/USD breaks above 1.6805, next resistances are seen at 1.6835 (Apr 23 high) and 1.6841 (Apr 17 high) ahead of 1.6876 (Nov 2009 high). On the flip side, supports are seen at 1.6762 (Apr 23 low), 1.6719 (Apr 16 low) and 1.6700 (psychological level).