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7 Mar 2014
GBP/USD is held up on 1.6720
FXStreet (Guatemala) - GBP/USD has been trading between 1.6720/40 post the Non Farm Payrolls announcement, and with demand coming in from EUR/GBP cable is remaining on the back foot.
The US economy added 175K jobs during February, surpassing forecasts at 149K and up from January’s 129K (revised from 113K). Meanwhile, the ECB left rates on hold yesterday and there appears to be some optimism for the EZ post a series of better than expected data releases.
GBP/USD Levels
The 20 DMA is 1.6641, the 50 DMA is 1.6530 and the 200 DMA is 1.5973. RSI (14) reads 36.47. Supports are ascending from 1.6640, 1.6656, 1.6680 and 1.6714. Spot is 1.6719 while resistances are 1.6777, 1.6823, 1.6845 and 1.6879.
The US economy added 175K jobs during February, surpassing forecasts at 149K and up from January’s 129K (revised from 113K). Meanwhile, the ECB left rates on hold yesterday and there appears to be some optimism for the EZ post a series of better than expected data releases.
GBP/USD Levels
The 20 DMA is 1.6641, the 50 DMA is 1.6530 and the 200 DMA is 1.5973. RSI (14) reads 36.47. Supports are ascending from 1.6640, 1.6656, 1.6680 and 1.6714. Spot is 1.6719 while resistances are 1.6777, 1.6823, 1.6845 and 1.6879.