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GBP/USD capped at higher levels

FXstreet.com (London) – GBP/USD has woken up after a sleepy phase over holiday markets and offered the bears a scalp from above 1.6380 turning towards 1.6360.

Kit Juckes, head of currency strategy at Societe Generale said “Sterling remains poised at crucial levels vs. the dollar, Euro and Swiss franc. Watch for a break of GBP/USD 1.6380 to trigger a further spike for the pound generally”.

GBP/USD Level

The 20 DMA is 1.6101 the 50 DMA is 1.6092 and the 200 DMA is 1.5533. RSI (14) reads 47.21. Supports are ascending from 1.6255, 1.6277 and 1.6298. Spot is currently 1.6367 while resistances …read more