21 Jan 2014
GBP/USD rallies to 1.6485
FXstreet.com (Guatemala) - GBP/USD rallied to 1.6485 breaking through the resistance line of the sideways channel.
GBP/USD has spiked higher and is currently oscillating in 1.6470/80. Karen Jones, chief analyst at Commerzbank said, “above 1.6440/60 would increase the risk of a rally to 1.6500/20 - we view the recent peak at 1.6603 as an interim top”. Meanwhile, there is a bit of a data void ahead once more today ahead of tomorrows MPC minutes and employment data.
GBP/USD Levels
The 20 DMA is 1.6436, the 50 DMA is 1.6334 and the 200 DMA is 1.5765. RSI (14) reads 57.11. Supports are ascending from 1.6262, 1.6309, 1.6335, 1.6384,1.6425. Spot is 1.6471 while resistances are 1.6518,1.6558 and 1.6605.
GBP/USD has spiked higher and is currently oscillating in 1.6470/80. Karen Jones, chief analyst at Commerzbank said, “above 1.6440/60 would increase the risk of a rally to 1.6500/20 - we view the recent peak at 1.6603 as an interim top”. Meanwhile, there is a bit of a data void ahead once more today ahead of tomorrows MPC minutes and employment data.
GBP/USD Levels
The 20 DMA is 1.6436, the 50 DMA is 1.6334 and the 200 DMA is 1.5765. RSI (14) reads 57.11. Supports are ascending from 1.6262, 1.6309, 1.6335, 1.6384,1.6425. Spot is 1.6471 while resistances are 1.6518,1.6558 and 1.6605.