23 Aug 2013
GBP/USD remains sub 1.5600
FXstreet.com (Barcelona) - GBP/USD has been in a tight range in the last few trading sessions of this week. The pair has been consolidated since falling from 1.5720.
GBP/USD is attempting 1.5600 in the opening hours of the European markets, oscillating in the 1.5590 territory. The calendar for the pair is light today, with only UK GDP at 830GMT and US US New Homes Sales in the afternoon.
GBP/USD a negative bias
GBP/USD is looking heavy still from the failure of the 200w MA and June highs at 1.5750. The pair is consolidated with the 20 DMA at 1.5452, the 50 DMA 1.5346, and the 200 DMA at 1.5518. Failure there opens a target for the July high 1.5432. RSI (9) reads 59.67. Supports are ascending from 1.5497, 1.5510, 1.5536, 1.5563. Spot is currently 1.5593 while resistances are 1.5604 1.5637, 1.5662, 1.5696 and 1.5723.
GBP/USD is attempting 1.5600 in the opening hours of the European markets, oscillating in the 1.5590 territory. The calendar for the pair is light today, with only UK GDP at 830GMT and US US New Homes Sales in the afternoon.
GBP/USD a negative bias
GBP/USD is looking heavy still from the failure of the 200w MA and June highs at 1.5750. The pair is consolidated with the 20 DMA at 1.5452, the 50 DMA 1.5346, and the 200 DMA at 1.5518. Failure there opens a target for the July high 1.5432. RSI (9) reads 59.67. Supports are ascending from 1.5497, 1.5510, 1.5536, 1.5563. Spot is currently 1.5593 while resistances are 1.5604 1.5637, 1.5662, 1.5696 and 1.5723.