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28 Feb 2014
GBP/USD to close for the highs?
FXStreet (Guatemala) - GBP/USD has been resilient on the end of the week and has positioned itself for a nice close towards the high of the day.
GBP/USD is trading on the psychological 1.67 handle and so far has flexed its muscles in the absence of UK data and fending off the bears who had been rubbing their hands together with the release of overall bullish US economic data.
GBP/USD Levels
The 20 DMA is 1.6549, the 50 DMA is 1.6495 and the 200 DMA is 1.5934. RSI (14) reads 57.11. Supports are ascending from 1.6538, 1.6559,
1.6583, 1.6607 and 1.6684. Spot is 1.6747 while resistances are 1.6728 and 1.6741.
GBP/USD is trading on the psychological 1.67 handle and so far has flexed its muscles in the absence of UK data and fending off the bears who had been rubbing their hands together with the release of overall bullish US economic data.
GBP/USD Levels
The 20 DMA is 1.6549, the 50 DMA is 1.6495 and the 200 DMA is 1.5934. RSI (14) reads 57.11. Supports are ascending from 1.6538, 1.6559,
1.6583, 1.6607 and 1.6684. Spot is 1.6747 while resistances are 1.6728 and 1.6741.