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21 Oct 2013
GBP/USD treads water above 1.6150
FXstreet.com (Córdoba) - As most pairs in the FX market, the GBP/USD started the week on a quiet note as investors await the NFP report Tuesday and other economic data after the reopening of the US Federal Government.
The GBP/USD paused its rally at the 1.6225 area Friday and pulled back to settle in a slim range below 1.6200, where it has spent the last sessions, with the 1.6150 area containing the downside. At time of writing, GBP/USD is trading at 1.6170, virtually unchanged since opening.
GBP/USD technical levels
As for technical levels, the Cable could find immediate resistances at 1.6180 (daily high), 1.6225 (Oct 18 high) and 1.6260 (Oct 1 high), while supports are seen at 1.6150 (daily low), 1.6100 (psychological level) and 1.6065 (100-hour SMA).
The GBP/USD paused its rally at the 1.6225 area Friday and pulled back to settle in a slim range below 1.6200, where it has spent the last sessions, with the 1.6150 area containing the downside. At time of writing, GBP/USD is trading at 1.6170, virtually unchanged since opening.
GBP/USD technical levels
As for technical levels, the Cable could find immediate resistances at 1.6180 (daily high), 1.6225 (Oct 18 high) and 1.6260 (Oct 1 high), while supports are seen at 1.6150 (daily low), 1.6100 (psychological level) and 1.6065 (100-hour SMA).