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22 Apr 2014
GBP/USD consolidating the erratic mood
FXStreet (Guatemala) - GBP/USD has been erratic on the day with only Existing Home Sales for the US giving us an unclear signal with mixed result. Cables indecisive behaviour is keeping traders on the sidelines while the pair now consolidates the highs. This week also comes with UK retails sales that is likely to be the main event for the pair.
Daily RSI sits at 63.72, in neutral territory
Looking to momentum indicators, the hourly 200 SMA is currently at 1.6803, up from the last close at 1.6773 and climbing.
GBP/USD Levels
Current price is 1.6829, with resistance ahead at 1.6836 (Daily Classic R2), 1.6841 (Daily High), 1.6851 (Daily Classic R3), 1.6871 (Weekly Classic R1) and 1.6949 (Weekly Classic R2). Next support to the downside can be found at 1.6821 (Yesterday's High), 1.6816 (Hourly 20 EMA), 1.6813 (Daily Classic R1), 1.6803 (Hourly 100 SMA) and 1.6798 (Daily Classic PP).
Daily RSI sits at 63.72, in neutral territory
Looking to momentum indicators, the hourly 200 SMA is currently at 1.6803, up from the last close at 1.6773 and climbing.
GBP/USD Levels
Current price is 1.6829, with resistance ahead at 1.6836 (Daily Classic R2), 1.6841 (Daily High), 1.6851 (Daily Classic R3), 1.6871 (Weekly Classic R1) and 1.6949 (Weekly Classic R2). Next support to the downside can be found at 1.6821 (Yesterday's High), 1.6816 (Hourly 20 EMA), 1.6813 (Daily Classic R1), 1.6803 (Hourly 100 SMA) and 1.6798 (Daily Classic PP).