23 Jan 2014
GBP/USD pushing on 1.6620/40
FXstreet.com (Guatemala) - GBP/USD posted a two and half year high again through 1.6620 and reached 1.6636.
GBP/USD was bid from the start of Europe on a softer dollar but fell back due to Fishers comments. GBP had been bid and outperformed on the unemployment rate still and coming within a hair of the BoE’s 7.0% threshold. We have seen US weekly jobless claims rose 1k to 326,000 which came in slightly better than forecast . Markit US PMI 53.7 preliminary in January was weak. Economists had forecast a rise to 55.0 from 54.4; Supporting the Sterling. Existing homes sales printed 1.0% beating expectations of 0.4%.
GBP/USD Levels
The 20 DMA is 1.6452, the 50 DMA is 1.6356 and the 200 DMA is 1.5777. RSI (14) reads 57.33. Supports are ascending from 1.6415, 1.6452, 1.6480, 1.6518, 1.6570. Spot is 1.6615 while resistances are 1.6618/20, 1.6635, 1.6660 and 1.6720.
GBP/USD was bid from the start of Europe on a softer dollar but fell back due to Fishers comments. GBP had been bid and outperformed on the unemployment rate still and coming within a hair of the BoE’s 7.0% threshold. We have seen US weekly jobless claims rose 1k to 326,000 which came in slightly better than forecast . Markit US PMI 53.7 preliminary in January was weak. Economists had forecast a rise to 55.0 from 54.4; Supporting the Sterling. Existing homes sales printed 1.0% beating expectations of 0.4%.
GBP/USD Levels
The 20 DMA is 1.6452, the 50 DMA is 1.6356 and the 200 DMA is 1.5777. RSI (14) reads 57.33. Supports are ascending from 1.6415, 1.6452, 1.6480, 1.6518, 1.6570. Spot is 1.6615 while resistances are 1.6618/20, 1.6635, 1.6660 and 1.6720.