Forex Special
(Buenos Aires) – GBP/USD Current price: 1.5412. Pound also cede today on risk aversion, reaching 1.5370 fresh 5-week low before halting the slump; entering Asia close to that level, hourly indicators have a slightly bullish tone yet still lacking strength: pair needs at least to accelerate or confirm above 1.5440 area, to extend the upside correction.
“Bigger time frames hold a bearish tone, suggesting the upside will likely remain limited till European opening,” said Valeria Bednarik, collaborator at FXstreet.com.
Support levels: 1.5410 1.5370 1.5330. Resistance levels: 1.5440 1.5490 1.5520.
EUR/USD (Aug 25 at 07:04 GMT)
1.2655/60 (0.23%)
H 1.2669 L 1.2617
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.2582 | 1.2613 | 1.2645 | 1.2653 | 1.2685 | 1.2716 |
| [?]Trend Index | [?]OB/OS Index |
| Slightly Bearish | Neutral |
| Data updated on Aug 25 at 07:00 (15-minute timeframe) | |
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