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Sep 11, 2014
GBP/USD attempts to continue its recovering
FXStreet (San Francisco) - Following a 50-pips retrace from 1.6270, the GBP/USD finally found a support at 1.6210 where the pair bounced to trade back at 1.6240.
The Sterling is advancing for third day versus the US Dollar; however the pair hasn't been able to fill the Monday's gap at 1.6300. Currently, GBP/USD is trading at 1.6237, up 0.16% on the day, having posted a daily high at 1.6272 and low at 1.6186.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is neutral.
GBP/USD sentiment
Pound continues pricing in the No vote in Scotland as polls now suggest the NO will win next week. Following three positive days and around 200 pips of gains from 1.6050, the GBP/USD will face next resistances at 1.6270, 1.6290 and 1.6330.
On the downside, supports are at 1.6215, 1.6150 and 1.6050.
The Sterling is advancing for third day versus the US Dollar; however the pair hasn't been able to fill the Monday's gap at 1.6300. Currently, GBP/USD is trading at 1.6237, up 0.16% on the day, having posted a daily high at 1.6272 and low at 1.6186.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is neutral.
GBP/USD sentiment
Pound continues pricing in the No vote in Scotland as polls now suggest the NO will win next week. Following three positive days and around 200 pips of gains from 1.6050, the GBP/USD will face next resistances at 1.6270, 1.6290 and 1.6330.
On the downside, supports are at 1.6215, 1.6150 and 1.6050.