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31 Oct 2014
GBP/USD bounces at 1.5940 and returns to 1.5990
FXStreet (San Francisco) - After a brief trip below the 1.5950, GBP/USD found support at 1.5940 where the it found buying interest that sent it back to 1.5990.
Currently, GBP/USD is trading at 1.5977, down -0.15% on the day, having posted a daily high at 1.6014 and low at 1.5942. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
If the pair manages to extends bounce beyond 1.5990, it will find next resistances at 1.6000, 1.6010 and 1.6040. To the downside, supports are at 1.5950, 1.5940 and 1.5900.
Currently, GBP/USD is trading at 1.5977, down -0.15% on the day, having posted a daily high at 1.6014 and low at 1.5942. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
If the pair manages to extends bounce beyond 1.5990, it will find next resistances at 1.6000, 1.6010 and 1.6040. To the downside, supports are at 1.5950, 1.5940 and 1.5900.