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GBP/USD bids in at Weekly support 1.6326

FXStreet (Guatemala) - GBP/USD is trading at 1.6347, down -0.25% on the day, having posted a daily high at 1.6415 and low at 1.6327.

GBP/USD has picked up some interest from buyers at last weeks closing prices after suffering some dollar strength earlier. The pair is stabalising here while, Eric Theoret, Currency Strategist at Scotiabank, explained the near term focus should remain on the BoE and relative policy expectations as we await Gov. “Carney’s speech on Thursday. Relative policy expectations have firmed over the past month after having deteriorated in mid-August."

GBP/USD levels

With spot trading at 1.6348, we can see next resistance ahead at 1.6370 (Daily Classic PP) and 1.6381 (Hourly 20 EMA). Support below can be found at 1.6327, 1.6326 (Weekly Classic PP), 1.6322 (Daily Classic S1), 1.6316 (Hourly 200 SMA) and 1.6303.

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