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14 Mar 2014
GBP/USD ends the week above 1.6600
FXStreet (Córdoba) - The GBP/USD is on track to close lower after 2 weeks of gains as the Cable was unable to recover completely after being rejected from the 1.6800 area last Friday.
Anna Coulling, FX analyst said the GBP/USD tested 1.6800 region & now basing around 1.6600 for a further run higher. The GBP/USD is trading around 1.6630 virtually unchanged on the day but 0.6% lower this week.
GBP/USD technical levels
In terms of technical levels, immediate support levels could be found at 1.6600, 1.6547 (50-day SMA) and 1.6500 (psychological level). On the flip side, resistances are seen at 1.6645 (Mar 14 high), 1.6675 (21-day SMA) and 1.6700 (psychological level).
Anna Coulling, FX analyst said the GBP/USD tested 1.6800 region & now basing around 1.6600 for a further run higher. The GBP/USD is trading around 1.6630 virtually unchanged on the day but 0.6% lower this week.
GBP/USD technical levels
In terms of technical levels, immediate support levels could be found at 1.6600, 1.6547 (50-day SMA) and 1.6500 (psychological level). On the flip side, resistances are seen at 1.6645 (Mar 14 high), 1.6675 (21-day SMA) and 1.6700 (psychological level).