GBP/USD Current Price: 1.6507

Fri, Aug 21 2009, 01:01 GMT
http://www.fxstreet.com

FXstreet.com (Buenos Aires) – GBP/USD Current Price: 1.6507. Holding just under 1.6520 static resistance zone, along with 200 EMA. Hourly indicators have turned slightly bullish, pointing for some gains in the next hours, thus clear opening above 20 SMA will give further support to the bias.

“Above that, next resistances come at 1.6550 and 1.6600, 20 SMA in the daily; pair has reached and retreat strongly that level several times, suggesting that another failure attempt could turn the pair bearish in the midterm,” said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6470 1.6440 1.6410. Resistance levels: 1.6520 1.6550 1.6600.

• GBP/USD

GBP/USD (Aug 21 at 21:59 GMT)

1.6494/98 (-0.04%)

H 1.66239 L 1.6417

S3	S2	S1	R1	R2	R3
1.6410	1.6451	1.6492	1.6496	1.6537	1.6578

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Aug 21 at 21:59 (15-minute timeframe)