14 Oct 2013
GBP/USD stuck below 1.60
FXstreet.com (Chicago) - GBP/USD trades sideways on short-term perspective and remains below the 1.60 zone in the afternoon of the American trading session amid talks of possible debt ceiling and funding solution.
Rumors
On debt talk hopes and after US senators are discussing the possibility of extending the funding issue until January 15th, markets edge higher and the dollar strengthens.
GBP/USD Technical Levels
Price action reveals a pair that retraces from 1.6020 session highs and trades below the key psychological zone at 1.60. Offered at 1.5985, the pair oscillates between supports aligned at 1.5953 (September 24th lows), 1.5915 (October 9th lows) ahead of 1.5886 (September 17th lows) and the resistances set at 1.6014 (September 23rd lows), 1.6095 (October 7th highs) ahead of 1.6158 (October 2nd lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with a neutral EMA20.
Rumors
On debt talk hopes and after US senators are discussing the possibility of extending the funding issue until January 15th, markets edge higher and the dollar strengthens.
GBP/USD Technical Levels
Price action reveals a pair that retraces from 1.6020 session highs and trades below the key psychological zone at 1.60. Offered at 1.5985, the pair oscillates between supports aligned at 1.5953 (September 24th lows), 1.5915 (October 9th lows) ahead of 1.5886 (September 17th lows) and the resistances set at 1.6014 (September 23rd lows), 1.6095 (October 7th highs) ahead of 1.6158 (October 2nd lows). According to the FXstreet.com trend index, the pair is slightly bullish on one-hour timeframe analysis with a neutral EMA20.