16 Jan 2014
GBP/USD spiking higher
FXstreet.com (Guatemala) - GBP/USD has covered some ground to the upside of 1.63 post a series of US data that came in line.
GBP/USD has left traders puzzled for such a move post the US data releases that came in line with expectations. The pair has gained half a big figure to reach 1.6383 on broad dollar weakness, clearing stops. The US data came in the form of Jobless Claims which disappointed, Consumer Prices rising 1.5% and in line year on year and Tic flows $-29.3B.
GBP/USD Levels
The 20 DMA is 1.6429, the 50 DMA is 1.6312 and the 200 DMA is 1.5749. RSI (14) reads 61.76. Supports are ascending from 1.6220, 1.6250, 1.6262 and 1.6316. Spot is 1.6363 with resistances at 1.6380, 1.6432, 1.6443 and 1.6465.
GBP/USD has left traders puzzled for such a move post the US data releases that came in line with expectations. The pair has gained half a big figure to reach 1.6383 on broad dollar weakness, clearing stops. The US data came in the form of Jobless Claims which disappointed, Consumer Prices rising 1.5% and in line year on year and Tic flows $-29.3B.
GBP/USD Levels
The 20 DMA is 1.6429, the 50 DMA is 1.6312 and the 200 DMA is 1.5749. RSI (14) reads 61.76. Supports are ascending from 1.6220, 1.6250, 1.6262 and 1.6316. Spot is 1.6363 with resistances at 1.6380, 1.6432, 1.6443 and 1.6465.