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22 Nov 2013
GBP/USD strong at 4-week peaks above 1.62
FXstreet.com (Chicago) - GBP/USD continues maintaining performance after earlier rally that sent the pair to 1.6221 monthly peaks. So far this week, the pair accumulates 0.57% gains.
GBP/USD Technical Levels
Technically speaking, the pair is offered at 1.62 and oscillates between the supports aligned at 1.6175 (November 19th lows), 1.6134 (November 15th highs) ahead of 1.6058 (November 20th highs) and the resistances set at 1.6217 (session highs), 1.6269 (September 29th highs) followed by 1.6314 (December 18th highs 2012). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates above the EMA20.
GBP/USD Technical Levels
Technically speaking, the pair is offered at 1.62 and oscillates between the supports aligned at 1.6175 (November 19th lows), 1.6134 (November 15th highs) ahead of 1.6058 (November 20th highs) and the resistances set at 1.6217 (session highs), 1.6269 (September 29th highs) followed by 1.6314 (December 18th highs 2012). According to the FXstreet.com trend index on one-hour timeframe analysis, the pair is slightly bullish and navigates above the EMA20.