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GBP/USD settles for sub 1.63 handle after all

FXStreet (Guatemala) - GBP/USD is trading at 1.6271 having posted a daily high at 1.6307 and low at 1.6162.

GBP/USD has remained with the supporting line here, last week's resistance news that China has put up liquidity for the five biggest banks in the country which relieved markets and created a risk on environment in what was otherwise looking to a be a quiet and tentative US session ahead of the FOMC tomorrow and the Scottish Independence Referendum date approaches fast on Thursday 18 September 2014.

GBP/USD hourly levels

Spot is presently trading at 1.6271, and next resistance can be seen at 1.6280, 1.6304 (Daily Classic R2), 1.6327 (Daily Classic R3) and 1.6347 (Weekly Classic R1). Next support to the downside can be found at 1.6268 (Daily Classic R1), 1.6267, 1.6245 (Daily Classic PP), 1.6233 and 1.6223 (Hourly 100 SMA).

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