5 Mar 2014
GBP/USD drifting away from highs 1.6744
FXStreet (Guatemala) - Sterling today has rallied up to test the 1.67 psychological level again, scoring a high of 1.6744 in the ascending daily channel and along the bullish daily trend line.
GBP/USD is currently drifting lower after a toppy rally post European markets activity and the US data flows. US Non-manufacturing ISM fell to 51.6 and came in much weaker than expected. Earlier, the US employment index tumbled to 47.5 in February from 56.4 in January which may put pressure on the Fed.
GBP/USD Levels
The 20 DMA is 1.6600, 50 DMA is 1.6516 and the 200 DMA is 1.5958. RSI (14) reads 62.27. Supports are 1.6559, 1.6583, 1.6617, 1.6640 and 1.6670. Spot is currently 1.6719 while resistances are 1.6740, 1.6769 and 1.6823.
GBP/USD is currently drifting lower after a toppy rally post European markets activity and the US data flows. US Non-manufacturing ISM fell to 51.6 and came in much weaker than expected. Earlier, the US employment index tumbled to 47.5 in February from 56.4 in January which may put pressure on the Fed.
GBP/USD Levels
The 20 DMA is 1.6600, 50 DMA is 1.6516 and the 200 DMA is 1.5958. RSI (14) reads 62.27. Supports are 1.6559, 1.6583, 1.6617, 1.6640 and 1.6670. Spot is currently 1.6719 while resistances are 1.6740, 1.6769 and 1.6823.