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19 Dec 2013
GBP/USD breaks 1.6387 limits
FXstreet.com (Chicago) - GBP/USD breaks even and prints 0.02% in losses sustaining the 0.55% in gains incurred earlier this week.
The trendless movement evidences neutral stands in regards to price action. So far the changes are minimal and the pair remains flat.
GBP/USD Technical Levels
Price action reveals the pair breaks through the immediate limits at 1.6387 (session highs) to now face 1.6417 (December 12th highs) and 1.6463 (December 10th highs). On the downside, supports are aligned at 1.6360 (December 16th lows), 1.6334 (December 17th highs) followed by 1.6288 (December 13th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and navigates above the EMA20.
The trendless movement evidences neutral stands in regards to price action. So far the changes are minimal and the pair remains flat.
GBP/USD Technical Levels
Price action reveals the pair breaks through the immediate limits at 1.6387 (session highs) to now face 1.6417 (December 12th highs) and 1.6463 (December 10th highs). On the downside, supports are aligned at 1.6360 (December 16th lows), 1.6334 (December 17th highs) followed by 1.6288 (December 13th highs). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bearish and navigates above the EMA20.