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26 Aug 2013
GBP/USD, bulls comeback?
FXstreet.com (Chicago) - GBP/USD sparked breaking out immediate resistance, now support, at 1.5576 as the pair erases earlier losses to gain 0.10% against the greenback.
Syrian Conflict
US stocks fell after US Secretary of State John Kerry commented on “undeniable” use of chemical weapons that caused nearly 1,300 deaths last week in Syria. Allies contemplate the possibility of taking measures after civilian attack in the country implying potential counter-measure attacks.
GBP/USD Technical Levels
Price action reveals heavy buying as market participants weight earlier weaker-than-expected durable goods orders results. At 1.5581, the pair fluctuates between supports at 1.5576 (August 8th highs), 1.5562 (August 22nd lows) ahead of 1.5544 (August 13th highs) and resistances at 1.5593 (August 16th highs), 1.5600 (August 19th lows) followed by 1.5636 (August 23rd highs).
According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis with a neutral EMA20 and a CCI indicator pointing up.
Syrian Conflict
US stocks fell after US Secretary of State John Kerry commented on “undeniable” use of chemical weapons that caused nearly 1,300 deaths last week in Syria. Allies contemplate the possibility of taking measures after civilian attack in the country implying potential counter-measure attacks.
GBP/USD Technical Levels
Price action reveals heavy buying as market participants weight earlier weaker-than-expected durable goods orders results. At 1.5581, the pair fluctuates between supports at 1.5576 (August 8th highs), 1.5562 (August 22nd lows) ahead of 1.5544 (August 13th highs) and resistances at 1.5593 (August 16th highs), 1.5600 (August 19th lows) followed by 1.5636 (August 23rd highs).
According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis with a neutral EMA20 and a CCI indicator pointing up.