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7 Jan 2014
GBP/USD to sustain the 1.64 handle?
FXstreet.com (London) - GBP/USD running around on 1.64 handle
GBP/USD has attempted the same level on 1.64 on three occasions and has failed to breach through 1.6430/40 levels with any conviction.
Meanwhile, sterling has remained robust and without any data released today we look back to yesterdays small miss on the Services PMI’s. Many analysts will tell us that the UK continues to operate at high levels and we note that the pound isn’t showing any signs of strain thus far. Eye’s on Central Banks this week.
GBP/USD Levels
The 20 DMA is 1.6399, the 50 DMA is 1.6255 and the 200 DMA is 1.5707. RSI (14) reads 48.41. Supports are ascending from 1.6255, 1.6316,1.6337, 1.6373 and1.6399. Spot is 1.6412 while resistances are 1.6434, 1.6474, 1.6490 and 1.6558.
GBP/USD has attempted the same level on 1.64 on three occasions and has failed to breach through 1.6430/40 levels with any conviction.
Meanwhile, sterling has remained robust and without any data released today we look back to yesterdays small miss on the Services PMI’s. Many analysts will tell us that the UK continues to operate at high levels and we note that the pound isn’t showing any signs of strain thus far. Eye’s on Central Banks this week.
GBP/USD Levels
The 20 DMA is 1.6399, the 50 DMA is 1.6255 and the 200 DMA is 1.5707. RSI (14) reads 48.41. Supports are ascending from 1.6255, 1.6316,1.6337, 1.6373 and1.6399. Spot is 1.6412 while resistances are 1.6434, 1.6474, 1.6490 and 1.6558.