13 May 2014
GBP/USD extends recovery above 1.6850
FXStreet (San Francisco) - The Sterling is trading in recovery mode against the US Dollar after weaker than expected US retail sales in April. After bottoming at 1.6825, the GBP/USD is now testing the 1.6860 area.
Currently, GBP/USD is trading at 1.6853, down 0.09% on the day, having posted a daily high at 1.6885 and low at 1.6825. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
Sell orders are seen at 1.6910-20 and 1.6940-50 on the upside; on the other hand, 1.6760-70 buy, 1.6810-20 buy and 1.6850 sell on the downside.
Currently, GBP/USD is trading at 1.6853, down 0.09% on the day, having posted a daily high at 1.6885 and low at 1.6825. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
Sell orders are seen at 1.6910-20 and 1.6940-50 on the upside; on the other hand, 1.6760-70 buy, 1.6810-20 buy and 1.6850 sell on the downside.