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18 Feb 2014
GBP/USD pushing through 1.6720
FXStreet (Guatemala) - GBP/USD has continued on and is looking better bid now with the release of the lowest read NAHB housing read in the US since May.
GBP/USD got a slight lift and has been attempting 1.6730 and towards yesterdays highs in 1.6740 after NAHB housing read 46 vs the 56 consensus and previous 56 indicating the housing market trend in the US has taken a turn for the worst. Next up for tomorrow, BoE minutes and the Unemployment Rate for the UK.
GBP/USD Levels
The 20 DMA is 1.6502. The 50 DMA is 1.6445 and the 200 DMA is 1.5874. RSI (14) reads 52.37. Supports are ascending from 1.6623, 1.6644, 1.6667 and1.6694. Spot is 1.6724 while resistances are 1.6757, 1.6796, 1.6823 and 1.6845.
GBP/USD got a slight lift and has been attempting 1.6730 and towards yesterdays highs in 1.6740 after NAHB housing read 46 vs the 56 consensus and previous 56 indicating the housing market trend in the US has taken a turn for the worst. Next up for tomorrow, BoE minutes and the Unemployment Rate for the UK.
GBP/USD Levels
The 20 DMA is 1.6502. The 50 DMA is 1.6445 and the 200 DMA is 1.5874. RSI (14) reads 52.37. Supports are ascending from 1.6623, 1.6644, 1.6667 and1.6694. Spot is 1.6724 while resistances are 1.6757, 1.6796, 1.6823 and 1.6845.