25 Mar 2014
GBP/USD jumps briefly to daily highs at 1.6520
FXStreet (San Francisco) - The Sterling made a shy attempt to reach fresh intra-day highs around 1.6520 against the US dollar where the pair found resistance and it was launched back to the 1.6500 area.
The GBP/USD is currently trading at 1.6505, 0.04% positive on the day. The short term perspective remains strongly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.
GBP/USD levels
"Earlier we had reports of sell orders clustered 1.6545/60 (1.6552 is 55 dma)," comments FXBeat's Gerry Davies. "Break through this layer of supply and I might start getting excited. Until then we're rangebound 1.6450-1.6550 as far as I'm concerned."
Today's central pivot point can be found at 1.6499, with support below at 1.6461, 1.6424, and 1.6386 with resistance above at 1.6536, 1.6574, and 1.6611.
The GBP/USD is currently trading at 1.6505, 0.04% positive on the day. The short term perspective remains strongly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI and Momentum are pointing to the north while the Stochastic is neutral.
GBP/USD levels
"Earlier we had reports of sell orders clustered 1.6545/60 (1.6552 is 55 dma)," comments FXBeat's Gerry Davies. "Break through this layer of supply and I might start getting excited. Until then we're rangebound 1.6450-1.6550 as far as I'm concerned."
Today's central pivot point can be found at 1.6499, with support below at 1.6461, 1.6424, and 1.6386 with resistance above at 1.6536, 1.6574, and 1.6611.