20 Mar 2014
GBP/USD falls below 1.6500
FXStreet (Córdoba) - The GBP/USD has resumed the slide following a short lived consolidation period and broke below the 1.6500 psychological level following better-than-expected US jobless claims data.
US jobless claims rose to 320,000 last week versus 325,000 expected, giving the greenback an additional boost. The GBP/USD is currently trading around 1.6500, recording a 5 loss on the day, having hit a low of 1.6485 in recent dealings.
GBP/USD technical outlook
"A quick run towards 1.6460 seems likely. A break below this latter will open doors for a continued slide towards the 1.6250 key midterm support, over the upcoming weeks", said Valeria Bednarik, chief analyst at FXStreet. "The resistance to watch stands at 1.6560 with steady gains above pointing for a recovery towards 1.6600 price zone".
US jobless claims rose to 320,000 last week versus 325,000 expected, giving the greenback an additional boost. The GBP/USD is currently trading around 1.6500, recording a 5 loss on the day, having hit a low of 1.6485 in recent dealings.
GBP/USD technical outlook
"A quick run towards 1.6460 seems likely. A break below this latter will open doors for a continued slide towards the 1.6250 key midterm support, over the upcoming weeks", said Valeria Bednarik, chief analyst at FXStreet. "The resistance to watch stands at 1.6560 with steady gains above pointing for a recovery towards 1.6600 price zone".