Fxstreet.com (Barcelona) – After bouncing strongly at intra-day high at 1.6470, GBP/USD has climbed to break the 1.6575 key resistance to trade above 1.6600 and post 1-month high close to 1.6675. Pound is fueling by risk appetite on optimism as US recession seems to be near to the end.
Cable is trading around 1.6665/75, 1.00 above today's opening price.
GBP/USD (Jul 31 at 23:57 GMT)
H 1.67123 L 1.6706
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.6629 | 1.6671 | 1.6712 | 1.6712 | 1.6754 | 1.6796 |
| [?]Trend Index | [?]OB/OS Index |
| Strongly Bullish | Neutral |
| Data updated on Jul 31 at 23:57 (15-minute timeframe) |
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