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20 Feb 2014
GBP/USD completes its recovery and trades positive in the day
FXStreet (San Francisco) - The Sterling jumped in the last few minutes against the US Dollar following the US inflation and jobless claims data. With a 45 pips post-data climb, the GBP/USD extended gains and it completes its recovery from intra-day low of 1.6635 to test 1.6700 area.
The GBP/USD is currently trading at 1.6680, flat on the day. The short term perspective is slightly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI Momentum are pointing to the north while the Stochastic is bearish.
GBP/USD levels
Above the 1.6700, the Cable would face resistances at 1.6725 and 1.6735. On the downside, the Sterling to Dollar exchange rate would find supports at 1.6635, 1.6600 and 1.6520.
The GBP/USD is currently trading at 1.6680, flat on the day. The short term perspective is slightly bullish according to the FXStreet trend index in the 15-minute chart. MACD, CCI Momentum are pointing to the north while the Stochastic is bearish.
GBP/USD levels
Above the 1.6700, the Cable would face resistances at 1.6725 and 1.6735. On the downside, the Sterling to Dollar exchange rate would find supports at 1.6635, 1.6600 and 1.6520.