24 Apr 2014
GBP/USD declines to fresh daily lows
FXStreet (San Francisco) - The Sterling is trading down against the US Dollar as the Greenback is joining a pro-dollar environment after the stronger than expected durable goods orders data in March while not-good jobless claims.
The GBP/USD has fallen around 30 pips from 1.6795 in the last few minutes to trade at fresh daily lows around 1.6765. Currently, GBP/USD is trading at 1.6774, down 0.04% on the day.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bullish.
GBP/USD levels
Below the 1.6765 level, 1.6720 (Apr 16 low) and 1.6700 (psychological level) are supports; while a break above 1.6805, would expose next resistances at 1.6835 (Apr 23 high) and 1.6841 (Apr 17 high) ahead of 1.6876 (Nov 2009 high).
The GBP/USD has fallen around 30 pips from 1.6795 in the last few minutes to trade at fresh daily lows around 1.6765. Currently, GBP/USD is trading at 1.6774, down 0.04% on the day.
The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is strongly bullish.
GBP/USD levels
Below the 1.6765 level, 1.6720 (Apr 16 low) and 1.6700 (psychological level) are supports; while a break above 1.6805, would expose next resistances at 1.6835 (Apr 23 high) and 1.6841 (Apr 17 high) ahead of 1.6876 (Nov 2009 high).