4 Feb 2014
GBP/USD holds above 1.6300
FXStreet (San Francisco) - The Sterling is trading pegged at the 1.6300 area against the US Dollar after being rejected by the 1.6340 in the American morning.
The GBP/USD attempted to recover from 2014 low at 1.6255 but the movement was capped by the 1.6340 resistance. The Pound to Dollar exchange rate is pricing now at 1.6307, almost flat on the day.
GBP/USD bias
The short term perspective is now slightly bullish according to the FXStreet trend index in the 15-minute chart. CCI and Momentum are pointing to the north while the Stochastic and MACD are neutral.
The GBP/USD would find resistances at 1.6345, 1.6375 and 1.6415. On the downside, supports are seen at 1.6290, 1.6555 and 1.6230.
The GBP/USD attempted to recover from 2014 low at 1.6255 but the movement was capped by the 1.6340 resistance. The Pound to Dollar exchange rate is pricing now at 1.6307, almost flat on the day.
GBP/USD bias
The short term perspective is now slightly bullish according to the FXStreet trend index in the 15-minute chart. CCI and Momentum are pointing to the north while the Stochastic and MACD are neutral.
The GBP/USD would find resistances at 1.6345, 1.6375 and 1.6415. On the downside, supports are seen at 1.6290, 1.6555 and 1.6230.