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22 Apr 2014
GBP/USD briefly jumps to day highs
FXStreet (San Francisco) - The Sterling stretched its advance against the US Dollar in the US opening bell as the GBP/USD jumped to fresh daily highs around 1.6840; however pair was unable to hold prices and it was launched back to 1.6815.
Currently, GBP/USD is trading at 1.6826, up 0.21% on the day, having posted a daily high at 1.6841 and low at 1.6786. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
GBP/USD levels
If the cable maintains the bullish momentum, next resistances are at 1.6840, 1.6845 (high Nov.18 2009) and finally 1.6879 (high Nov.16 2009). On the downside, supports are at 1.6815, 1.6785 (low Apr.21) and 1.6770 (low Apr.18).
"Talk of sell orders clustered up at 1.6840/50 (contains the 53 month high at 1.6842), commented FXBeat editor Gerry Davies. "Also talk of barrier option interest lined up at 1.6850 with buy stops said to be gathered just North of there."
Currently, GBP/USD is trading at 1.6826, up 0.21% on the day, having posted a daily high at 1.6841 and low at 1.6786. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bullish.
GBP/USD levels
If the cable maintains the bullish momentum, next resistances are at 1.6840, 1.6845 (high Nov.18 2009) and finally 1.6879 (high Nov.16 2009). On the downside, supports are at 1.6815, 1.6785 (low Apr.21) and 1.6770 (low Apr.18).
"Talk of sell orders clustered up at 1.6840/50 (contains the 53 month high at 1.6842), commented FXBeat editor Gerry Davies. "Also talk of barrier option interest lined up at 1.6850 with buy stops said to be gathered just North of there."