British Pound (GBP)

- The Pound was very volatile against the Dollar, trading close to a two day high, following the release of a flurry of mixed U.S. economic data. The GBP/USD is still trading on the 10 moving average line on the daily chart therefore the momentum is still not clear, as long as the rate is above 1.5800 the pound is more attractive and a long position is preferred. Overall, GBP/USD traded with a low of 1.5879 and with a high of 1.5991. No economic data expected today.

GBP/USD - Last: 1.5889

Resistance

1.5940

1.6017

Support

1.5880

1.5850

1.5775

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