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Sep 4, 2014
GBP/USD on the offer all day long
FXStreet (Guatemala) - GBP/USD is trading at 1.6459, down -0.01% on the day, having posted a daily high at 1.6465 and low at 1.6454.
GBP/USD is finishing up and entering the Asian session on the wrong foot, again, and Val Bednarik, Chief analyst at FXStreet explained that in the short term, the bias is clearly bearish as price stands below it’s 20 SMA while indicators hold below their midlines, showing no actual upward strength. “In the 4 hours chart momentum heads south despite in extreme oversold readings, while RSI corrected higher, but remains in oversold territory”.
GBP/USD support and resistance
Support levels: 1.6435 1.6400 1.6370
Resistance levels: 1.6475 1.6510 1.6540
GBP/USD is finishing up and entering the Asian session on the wrong foot, again, and Val Bednarik, Chief analyst at FXStreet explained that in the short term, the bias is clearly bearish as price stands below it’s 20 SMA while indicators hold below their midlines, showing no actual upward strength. “In the 4 hours chart momentum heads south despite in extreme oversold readings, while RSI corrected higher, but remains in oversold territory”.
GBP/USD support and resistance
Support levels: 1.6435 1.6400 1.6370
Resistance levels: 1.6475 1.6510 1.6540