9 Oct 2014
GBP/USD weekly highs towards 1.62 handle- FXStreet
FXStreet (Barcelona) - The GBP/USD trades at its weekly highs and 38.2% retracement of the post Scottish referendum slide at 1.6170.
Key Quotes:
“Dollar selloffs extends beyond technical readings, with the 1 hour chart showing momentum still flat around their midlines”.
“In the 4 hours chart the overall strength has forced 20 SMA higher…with some consolidation expected around current levels, while a break above should lead to a quick extension towards 1.6200/20 price zone”.
“Support levels: 1.6130, 1.6090 and 1.6050”.
Resistance levels: 1.6170, 1.6210 and 1.6250”.
Key Quotes:
“Dollar selloffs extends beyond technical readings, with the 1 hour chart showing momentum still flat around their midlines”.
“In the 4 hours chart the overall strength has forced 20 SMA higher…with some consolidation expected around current levels, while a break above should lead to a quick extension towards 1.6200/20 price zone”.
“Support levels: 1.6130, 1.6090 and 1.6050”.
Resistance levels: 1.6170, 1.6210 and 1.6250”.