GBP/USD Daily forex post August 12, 2014
GBP/USD Technical view
Open | High | Low | Close | Change |
1.6782 | 1.6795 | 1.6767 | 1.6786 | 0.0014 |
Resistance | |
Support | |
R3 | 1.6950 |
R2 | 1.6900 |
R1 | 1.6840 |
S1 | 1.6780 |
S2 | 1.6740 |
S3 | 1.6720 |
Sterling inched higher versus the dollar in a light session on Monday, settling close to key trendline supports at 1.6780, after breaching the levels briefly. The near term view remains bearish with the pair likely to test supports at the bottom end of the long term bullish channel at 1.6700- 1.6720. Upside for now should be capped around the 1.6800 zone
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