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19 Dec 2013
GBP/USD finds support at 1.6335 and trades back at 1.6380
FXstreet.com (San Francisco) - After breaking below the 1.6360 and felling to fresh daily lows at the beginning of the American session amid weaker than expected jobless claims, the GBP/USD seems to have found support at 1.6335 as the pair bounced at this level to trade now around 1.6385.
The GBP/USD is performing 0.05% negative on the day. The Short term perspective remains slightly bearish according to the FXstreet.com trend index in the 1-hour chart. CCI and Momentum are pointing to the south while the Stochastic and the MACD are neutral.
GBP/USD technical levels
In terms of technical levels, the GBP/USD could find resistances at 1.6397/1.6400 (daily high/psychological level), 1.6465 (Dec 10 high) and 1.6483 (Dec 18 high). On the downside, immediate support levels at 1.6334/30 (daily low/20-day SMA) and 1.6300 (psychological level).
The GBP/USD is performing 0.05% negative on the day. The Short term perspective remains slightly bearish according to the FXstreet.com trend index in the 1-hour chart. CCI and Momentum are pointing to the south while the Stochastic and the MACD are neutral.
GBP/USD technical levels
In terms of technical levels, the GBP/USD could find resistances at 1.6397/1.6400 (daily high/psychological level), 1.6465 (Dec 10 high) and 1.6483 (Dec 18 high). On the downside, immediate support levels at 1.6334/30 (daily low/20-day SMA) and 1.6300 (psychological level).