30 Aug 2013
GBP/USD capped at 1.55
FXstreet.com (Chicago) - GBP/USD was unable to break through 1.55 and erase daily losses at the closing of the American trading session.
Equities close with losses
Wall Street followed the UK’s results with the FTSE100 closing down 1.08% and closed with losses. The Dow was 0.21% down, the Nasdaq 0.84% down and the S&P 500 0.32% down. Next week, unemployment data is due in the US and the BoE will publish its interest rate decision. The Syrian conflict remains a concern as no definitive answer has been provided by the US government and the UN continues weapon inspections in the country.
GBP/USD Technical Levels
Price action reveals impulsive price action exhausting close to 1.55 zone. At 1.5495, the pair oscillates between supports at 1.5479 (August 29th lows), 1.5447 (July 25th highs) ahead of 1.5425 (August 28th lows) and resistances at 1.5496 (August 15th lows), 1.5517 (August 29th highs) followed by 1.5544 (August 29th highs). According to the FXstreet.com trend index, the pair is strongly bearish on one-hour timeframe analysis.
Equities close with losses
Wall Street followed the UK’s results with the FTSE100 closing down 1.08% and closed with losses. The Dow was 0.21% down, the Nasdaq 0.84% down and the S&P 500 0.32% down. Next week, unemployment data is due in the US and the BoE will publish its interest rate decision. The Syrian conflict remains a concern as no definitive answer has been provided by the US government and the UN continues weapon inspections in the country.
GBP/USD Technical Levels
Price action reveals impulsive price action exhausting close to 1.55 zone. At 1.5495, the pair oscillates between supports at 1.5479 (August 29th lows), 1.5447 (July 25th highs) ahead of 1.5425 (August 28th lows) and resistances at 1.5496 (August 15th lows), 1.5517 (August 29th highs) followed by 1.5544 (August 29th highs). According to the FXstreet.com trend index, the pair is strongly bearish on one-hour timeframe analysis.