23 Jun 2014
GBP/USD testing the bull’s patience
FXStreet (Guatemala) - GBP/USD is trading at 1.7010, down 0.00% on the day, having posted a daily high at 1.7025 and low at 1.7010.
GBP/USD spot is in neutral territory currently, although testing the bulls patience on the 1.70 handle. Meanwhile, Val Bednarik, Chief analyst at FXStreet suggests, given if the pair manage another attempt to the upside again, acceleration above 1.7040 should see advances towards new highs, while dips down to 1.6950 will likely be seen as further buying opportunities.
GBP/USD Levels
Spot is presently trading at 1.7011, and next resistance can be seen at 1.7017 (Daily Open), 1.7025 (Daily High), 1.7026 (Daily Classic PP), 1.7027 (Hourly 20 EMA) and 1.7040 (Monthly High). Support below can be found at 1.7010 (Daily Low), 1.7003 (Yesterday's Low), 1.6999 (Weekly Classic PP), 1.6995 (Hourly 100 SMA) and 1.6989 (Daily Classic S1).
GBP/USD spot is in neutral territory currently, although testing the bulls patience on the 1.70 handle. Meanwhile, Val Bednarik, Chief analyst at FXStreet suggests, given if the pair manage another attempt to the upside again, acceleration above 1.7040 should see advances towards new highs, while dips down to 1.6950 will likely be seen as further buying opportunities.
GBP/USD Levels
Spot is presently trading at 1.7011, and next resistance can be seen at 1.7017 (Daily Open), 1.7025 (Daily High), 1.7026 (Daily Classic PP), 1.7027 (Hourly 20 EMA) and 1.7040 (Monthly High). Support below can be found at 1.7010 (Daily Low), 1.7003 (Yesterday's Low), 1.6999 (Weekly Classic PP), 1.6995 (Hourly 100 SMA) and 1.6989 (Daily Classic S1).