GBP/USD Current Price: 1.6286. Gbp continues under pressure despite yesterday’s recovery, approaching quickly to key 1.6240 area where we also found 200 EMA in 4 hours charts. Hourly indicators show pair has room to extend to the downside, with current candle opening under 20 SMA.
Bigger time frames indicators support the downside bias, so expect acceleration under mentioned 1.6240 level. “Pair needs to regain 1.6440 to deny previous perspective, not seen for next session,”
Support levels: 1.6280 1.6240 1.6185. Resistance levels: 1.6310 1.6350 1.6390.
GBP/USD (Oct 27 at 05:32 GMT)
H 1.63512 L 1.6282
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.6254 | 1.6295 | 1.6336 | 1.6350 | 1.6390 | 1.6431 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bullish | Neutral |
| Data updated on Oct 27 at 05:25 (15-minute timeframe) |
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