25 Oct 2013
GBP/USD steady after US durable goods orders
FXstreet.com (Córdoba) - The GBP/USD moved only slightly higher, and remained in negative ground for the day, after data showed US durable goods orders grew more than expected in September, but missed forecast when excluding the volatile transportation category.
GBP/USD bounced from a low of 1.6166 to currently trade around 1.6180/85, where it is still 0.1% below its opening price. Investors will now be watching, the Reuters/Michigan Consumer Sentiment Index for October.
GBP/USD levels to watch
In terms of technical levels, immediate supports for GBP/USD are seen at 1.6137 (Oct 24 low), 1.6115 (Oct 22 low) and 1.6100 (psychological level). On the other hand, resistances might be faced at 1.6246 (daily high) and 1.6255 (Oct 23 high) ahead of 1.6259 (Oct 1 high) and 1.6300 (psychological level).
GBP/USD bounced from a low of 1.6166 to currently trade around 1.6180/85, where it is still 0.1% below its opening price. Investors will now be watching, the Reuters/Michigan Consumer Sentiment Index for October.
GBP/USD levels to watch
In terms of technical levels, immediate supports for GBP/USD are seen at 1.6137 (Oct 24 low), 1.6115 (Oct 22 low) and 1.6100 (psychological level). On the other hand, resistances might be faced at 1.6246 (daily high) and 1.6255 (Oct 23 high) ahead of 1.6259 (Oct 1 high) and 1.6300 (psychological level).