GBP/USD Current Price: 1.6269. Pound remains under selling pressure after beginning the week clearly under 1.6300 level. Hovering around 1.6275 level, pair could attempt a short term recovery in the next hours, as 20 SMA in 4 hours charts around 1.6250 is holding the downside.
“Bigger time frames remain bearish expect the upside to remain limited by 1.6360 highs of past Friday, “ said
Support levels: 1.6250 1.6210 1.6160. Resistance levels: 1.6300 1.6330 1.6360.
GBP/USD (Aug 31 at 05:26 GMT)
1.6242/45 (-0.12%)
H 1.63 L 1.6223
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.6161 | 1.6201 | 1.6242 | 1.6255 | 1.6296 | 1.6337 |
| [?]Trend Index | [?]OB/OS Index |
| Neutral | Neutral |
| Data updated on Aug 31 at 05:20 (15-minute timeframe) | |
