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17 Mar 2014
GBP/USD capped by 200-hour SMA
FXStreet (Córdoba) - The GBP/USD is back at neutral ground after the latest upside attempt was capped by the 200-hour SMA.
The GBP/USD reached a daily high of 1.6665 but was rejected and fell back to the 1.6640 zone, where it is trading little changed on the day. With no UK economic data scheduled for today or tomorrow, the pair could enjoy a phase of consolidation within its recent range ahead of the Federal Reserve decision Wednesday.
GBP/USD levels to watch
In terms of technical levels, the GBP/USD could find immediate resistances at 1.6665 (200-hour SMA/Mar 27 high), 1.6670 (21-day SMA) and 1.6700 (psychological level). On the other hand, supports are seen at 1.6604/00 (Mar 17 low/psychological level), 1.6567 (Mar 12 low) and 1.6552 (50-day SMA).
The GBP/USD reached a daily high of 1.6665 but was rejected and fell back to the 1.6640 zone, where it is trading little changed on the day. With no UK economic data scheduled for today or tomorrow, the pair could enjoy a phase of consolidation within its recent range ahead of the Federal Reserve decision Wednesday.
GBP/USD levels to watch
In terms of technical levels, the GBP/USD could find immediate resistances at 1.6665 (200-hour SMA/Mar 27 high), 1.6670 (21-day SMA) and 1.6700 (psychological level). On the other hand, supports are seen at 1.6604/00 (Mar 17 low/psychological level), 1.6567 (Mar 12 low) and 1.6552 (50-day SMA).