9 Oct 2013
GBP/USD bounces at 1.5915 and trades back at 1.5965
FXstreet.com (San Francisco) - After an initial reaction to the down side following the FOMC minutes, the GBP/USD bounced at 1.5915, lowest since September 18, and currently the pair is trading back to 1.5965.
The Sterling is currently 0.76% down on the day against the US Dollar. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 1-hour chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
GBP/USD technical levels
As for technical levels, immediate supports could now be found at 1.5915 (daily low) and 1.5900 (psychological level) ahead of 1.5885 (Sep 17 low/Sep 13 high). Meanwhile, resistances are seen at 1.6020 (Oct 8 low) and 1.6043 (20-day SMA).
The Sterling is currently 0.76% down on the day against the US Dollar. The short term perspective is slightly bearish according to the FXstreet.com trend index in the 1-hour chart. Indicators such as MACD, CCI and Momentum are pointing to the south while the Stochastic is bullish.
GBP/USD technical levels
As for technical levels, immediate supports could now be found at 1.5915 (daily low) and 1.5900 (psychological level) ahead of 1.5885 (Sep 17 low/Sep 13 high). Meanwhile, resistances are seen at 1.6020 (Oct 8 low) and 1.6043 (20-day SMA).