FXstreet.com (San Francisco) - GBP/USD is back in the 1.6030 price zone after finding a base in earlier trade just ahead of the 1.6000 mark. Spot is weaker today amid USD strength, on Hurricane Sandy-fueled risk aversion and on concern that the UK economy may not be as strong as last week’s GDP suggested.
At the time of writing, GBP/USD is down 0.4% from Friday’s close, and, in terms of technical levels, “supports are seen at the 55DMA line at 1.6013 and then at the 21DMA lower Bollinger level at 1.5952,” says Talking-Forex.com. “On the other hand, resistance levels are seen at 1.6144/78 and 1.6218.”
At the time of writing, GBP/USD is down 0.4% from Friday’s close, and, in terms of technical levels, “supports are seen at the 55DMA line at 1.6013 and then at the 21DMA lower Bollinger level at 1.5952,” says Talking-Forex.com. “On the other hand, resistance levels are seen at 1.6144/78 and 1.6218.”
