1 Aug 2013
GBP/USD at fresh session lows ahead of London
FXstreet.com (Barcelona) - The GBP/USD foreign exchange rate is last quoted at 1.5163, down -0.29% for the session so far, and -1.44% for the week, having been sold since the very start of the Asia-Pacific session.
GBP/USD still slightly bullish in the short term
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, the GBP/USD is “slightly bullish according to the hourly chart, with indicators crossing their midlines to the upside and price above 20 SMA. In the 4 hours chart technical indicators barely correct oversold readings, with price standing below 200 EMA around 1.5270 and key resistance level: only above it the pair will lose the bearish tone gained these last few days.”
GBP/USD key technical levels
Bednarik sees support levels at: 1.5150 and 1.5110, while resistance levels at: 1.5270, 1.5310 and 1.5340.
GBP/USD still slightly bullish in the short term
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, the GBP/USD is “slightly bullish according to the hourly chart, with indicators crossing their midlines to the upside and price above 20 SMA. In the 4 hours chart technical indicators barely correct oversold readings, with price standing below 200 EMA around 1.5270 and key resistance level: only above it the pair will lose the bearish tone gained these last few days.”
GBP/USD key technical levels
Bednarik sees support levels at: 1.5150 and 1.5110, while resistance levels at: 1.5270, 1.5310 and 1.5340.