16 Sep 2014
GBP/USD breaks above 1.6200
FXStreet (San Francisco) - The Sterling is extending its recovery from nearly 1-week lows at 1.6160 versus the US Dollar and after climbing 60 pips in the European session, the GBP/USD broke the 1.6200 level and now it's pricing at 1.6220
Currently, GBP/USD is trading at 1.6213, down -0.11% on the day, having posted a daily high at 1.6252 and low at 1.6162. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
If the pair manages to extend gains, it will face next resistances at 1.6250, 1.6260 and 1.6275. On the downside, GBP/USD's supports are at 1.6160, 1.6150 and 1.6060.
Currently, GBP/USD is trading at 1.6213, down -0.11% on the day, having posted a daily high at 1.6252 and low at 1.6162. The FXStreet OB/OS Index is reflecting neutral hourly conditions, while the FXStreet Trend Index is slightly bearish.
GBP/USD levels
If the pair manages to extend gains, it will face next resistances at 1.6250, 1.6260 and 1.6275. On the downside, GBP/USD's supports are at 1.6160, 1.6150 and 1.6060.