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20 Dec 2013
GBP/USD low key around 1.6330
FXstreet.com (Chicago) - GBP/USD extends the trading range that started at the beginning of the month and presents 0.18% losses – still 0.28% up for the week.
GBP/USD Technical Levels
Price action reveals the pair falls below the immediate support and extends the bearish channel that started after the trendless movement lasting 2 weeks and the spike earlier this week. With primary and secondary trends diverging, the pair continues around 1.6316 session lows. Offered at 1.6333, the pair oscillates between the supports aligned at 1.6288 (December 5th lows), 1.6237 (November 24th highs) followed by 1.6180 (November 20th highs) and the resistances set at 1.6348 (December 14th highs), 1.6418 (December 12th highs) ahead of 1.6465 (December 10th highs). According to the FXstreet.com trend index on one-hour timeframe analysis the pair is slightly bullish and presents a neutral EMA20.
GBP/USD Technical Levels
Price action reveals the pair falls below the immediate support and extends the bearish channel that started after the trendless movement lasting 2 weeks and the spike earlier this week. With primary and secondary trends diverging, the pair continues around 1.6316 session lows. Offered at 1.6333, the pair oscillates between the supports aligned at 1.6288 (December 5th lows), 1.6237 (November 24th highs) followed by 1.6180 (November 20th highs) and the resistances set at 1.6348 (December 14th highs), 1.6418 (December 12th highs) ahead of 1.6465 (December 10th highs). According to the FXstreet.com trend index on one-hour timeframe analysis the pair is slightly bullish and presents a neutral EMA20.