British Pound (GBP)

The Pound closed almost unchanged against the Dollar after falling during the trading day due to the European debt crisis that does not seem to have a near solution. GDP came out like the forecast at 0.3%.The GBP/USD has been trading downwards since April therefore the momentum is still bearish. The main resistance level on the daily graph is located at 1.4550. Overall, GBP/USD traded with a low of 1.4258 and with a high of 1.4426.

 GBP/USD - Last: 1.4387

Resistance

1.4466

1.4525

Support

1.4350

1.4255