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27 Nov 2014
GBP/USD off the lows and over to Asia
FXStreet (Guatemala) - GBP/USD is trading at 1.5734, down -0.39% on the day, having posted a daily high at 1.5828 and low at 1.5717.
GBP/USD has moved to the downside from the highs scored in Europe above the 1.58 handle and met support at 1.5720 with a small bounce back up to 1.5740. Markets are thin and are prone to be volatile or plane dead, but in todays case it appears that there are forces exiting the pair on the back of straight demand for the greenback and perhaps squaring up of positions in late European and London trade earlier. With the US out, it will be up to Asia to decide its months end fate.
GBP/USD noteworthy levels
With spot trading at 1.5736, we can see next resistance ahead at 1.5737 (Weekly Classic R1), 1.5756 (Hourly 20 EMA), 1.5761 (Daily Classic PP), 1.5797 (Daily Open) and 1.5797 (Weekly High). Support below can be found at 1.5717 (Daily Low), 1.5715 (Daily Classic S1), 1.5714 (Hourly 100 SMA) and 1.5687 (Hourly 200 SMA).
GBP/USD has moved to the downside from the highs scored in Europe above the 1.58 handle and met support at 1.5720 with a small bounce back up to 1.5740. Markets are thin and are prone to be volatile or plane dead, but in todays case it appears that there are forces exiting the pair on the back of straight demand for the greenback and perhaps squaring up of positions in late European and London trade earlier. With the US out, it will be up to Asia to decide its months end fate.
GBP/USD noteworthy levels
With spot trading at 1.5736, we can see next resistance ahead at 1.5737 (Weekly Classic R1), 1.5756 (Hourly 20 EMA), 1.5761 (Daily Classic PP), 1.5797 (Daily Open) and 1.5797 (Weekly High). Support below can be found at 1.5717 (Daily Low), 1.5715 (Daily Classic S1), 1.5714 (Hourly 100 SMA) and 1.5687 (Hourly 200 SMA).