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30 Sep 2014
GBP/USD creeping back into line to test key resistance
FXStreet (Guatemala) - GBP/USD is trading at 1.6222, down -0.12% on the day, having posted a daily high at 1.6289 and low at 1.6166.
GBP/USD is lower despite better GDP readings revised higher to 0.9 Q/Q while the market has been very favorable of the greenback with real money supply in EUR/USD pressuring majors across the board. The pair has managed a recovery back onto the 1.62 handle but is facing supply here at 1.6230 with still room towards 1.6235 as a key resistance from 1.6280 territory.
GBP/USD noteworthy levels
Current price is 1.6222, with resistance ahead at 1.6229 (Hourly 20 EMA), 1.6241, 1.6241, 1.6244 (Daily Classic PP) and 1.6273 (Daily Classic R1). Next support to the downside can be found at 1.6214 (Yesterday's Low), 1.6211 (Daily Classic S1), 1.6184 (Weekly Classic S1), 1.6182 (Daily Classic S2) and 1.6166.
GBP/USD is lower despite better GDP readings revised higher to 0.9 Q/Q while the market has been very favorable of the greenback with real money supply in EUR/USD pressuring majors across the board. The pair has managed a recovery back onto the 1.62 handle but is facing supply here at 1.6230 with still room towards 1.6235 as a key resistance from 1.6280 territory.
GBP/USD noteworthy levels
Current price is 1.6222, with resistance ahead at 1.6229 (Hourly 20 EMA), 1.6241, 1.6241, 1.6244 (Daily Classic PP) and 1.6273 (Daily Classic R1). Next support to the downside can be found at 1.6214 (Yesterday's Low), 1.6211 (Daily Classic S1), 1.6184 (Weekly Classic S1), 1.6182 (Daily Classic S2) and 1.6166.