27 Sep 2013
GBP/USD reaching a top?
FXstreet.com (London) - GBP/USD has settled at 1.6040/45 and was finding demand again after pair collapsed at 1.6100 earlier on in today’s markets.
GBP/USD suffered losses of a big figure in a sharp sell off as the final Y/Y GDP number was unusually revised 0.2 lower, that and a worse current account deficit took the pair down. Meanwhile, for the US, initial jobless claims were 305k against estimates of 310k and pending home sales came in 5.8%.
GBP/USD Levels
The 20 DMA is 1.5799, the 50 DMA is 1.5583 and the 200 DMA is 1.5482. RSI (14) 47.21. Supports are ascending from 1.5955, 1.5980 and 1.6010. Spot is currently consolidated at 1.6039 while resistances are 1.6073, 1.6099, 1.6115, 1.6164 and 1.6182.
GBP/USD suffered losses of a big figure in a sharp sell off as the final Y/Y GDP number was unusually revised 0.2 lower, that and a worse current account deficit took the pair down. Meanwhile, for the US, initial jobless claims were 305k against estimates of 310k and pending home sales came in 5.8%.
GBP/USD Levels
The 20 DMA is 1.5799, the 50 DMA is 1.5583 and the 200 DMA is 1.5482. RSI (14) 47.21. Supports are ascending from 1.5955, 1.5980 and 1.6010. Spot is currently consolidated at 1.6039 while resistances are 1.6073, 1.6099, 1.6115, 1.6164 and 1.6182.