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11 Dec 2013
GBP/USD attempting downside again
FXstreet.com (London) - GBP/USD formed a double top at the 1.64 handle and is a slow grind lower to this weeks opening position at 1.6380.
There is no data today from the UK and markets had been taking profits exuberated by stops. However, the pound might remain supported by the recent surge in 12-month inflation expectations from the BoE.
GBP/USD Levels
The 20 DMA is 1.6252, the 50 DMA is 1.6139 and the 200 DMA is 1.5583. RSI (14) reads 73.02. Supports are ascending from 1.6339, 1.6370, 1.6385, 1.6420, 1.6441, 1.6468, 1.6475, 1.6535 and 1.6574.
There is no data today from the UK and markets had been taking profits exuberated by stops. However, the pound might remain supported by the recent surge in 12-month inflation expectations from the BoE.
GBP/USD Levels
The 20 DMA is 1.6252, the 50 DMA is 1.6139 and the 200 DMA is 1.5583. RSI (14) reads 73.02. Supports are ascending from 1.6339, 1.6370, 1.6385, 1.6420, 1.6441, 1.6468, 1.6475, 1.6535 and 1.6574.