As most of European markets are still closed on holidays, the GBP/USD presents a mild bullish tone, advancing some above the 1.6800 figure. Nevertheless, movements across the board remain shallow leaving technical readings pretty much directionless in neutral territory according to this 4 hours chart, but 20 SMA maintains its bullish slope acting as intraday dynamic support around 1.6800.
Until US opening the pair will likely keep the range, with the downside limited by buyers around the 1.3770/80 price zone and more at 1.3745. The year high of 1.6841 is the key resistance to break to confirm an extension towards 1.6870 first, and 1.6910 later on the day.
View Live Chart for GBP/USD
Until US opening the pair will likely keep the range, with the downside limited by buyers around the 1.3770/80 price zone and more at 1.3745. The year high of 1.6841 is the key resistance to break to confirm an extension towards 1.6870 first, and 1.6910 later on the day.
View Live Chart for GBP/USD
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