Analytics

Forex forecast

GBP/USD Current price: 1.6809

17.04.2014 18:39:43

a Pound surged up to 1.6841, levels not seen since November 2009 against the greenback, finding buyers around 1.6800 on a small retracement. The hourly chart shows momentum aiming slightly higher around its midline and price below its 20 SMA, losing earlier strength. In the 4 hours chart indicators turn slightly lower in positive territory as price stands well above its 20 SMA, reflecting buying interest is still strong.

Support levels: 1.6780 1.6745 1.6710 

Resistance levels: 1.6820 1.6870 1.6915

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