Monday, November 2, 2009

GBP/USD Current Price: 1.6507 (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

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

GBP/USD (Nov 02 at 09:10 GMT)

1.6357/61 (-0.27%)

H 1.6478 L 1.6343

[?]Trend Index[?]OB/OS Index
Slightly BearishNeutral
Data updated on Nov 02 at 09:05 (15-minute timeframe)

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