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12 Aug 2013
GBP/USD stuck in a range
FXstreet.com (Córdoba) - GBP/USD trading range has become tighter and tighter during the American session, leaving the pair directionless amid low volume and lack of interest.
The GBP/USD remains stuck in a tight range contained by 1.5460 on the downside and capped by 1.5490 on the upside, which coincide with its 100-hour and the 20-hour SMA’s respectively. At time of writing, GBP/USD is trading around 1.5465, still 0.1% below its opening price.
Supports and resistances for GBP/USD
As for technical levels, immediate supports could be found at 1.5460 (daily low) and 1.5435 (Jul 25 high), while on the other hand resistances are seen at 1.5490 (session high), 1.5520 (daily high) and 1.5557 (Aug 9 high).
The GBP/USD remains stuck in a tight range contained by 1.5460 on the downside and capped by 1.5490 on the upside, which coincide with its 100-hour and the 20-hour SMA’s respectively. At time of writing, GBP/USD is trading around 1.5465, still 0.1% below its opening price.
Supports and resistances for GBP/USD
As for technical levels, immediate supports could be found at 1.5460 (daily low) and 1.5435 (Jul 25 high), while on the other hand resistances are seen at 1.5490 (session high), 1.5520 (daily high) and 1.5557 (Aug 9 high).