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9 Jun 2014
GBP/USD steady around 1.6800
FXStreet (Córdoba) - The GBP/USD finished Monday practically flat trading barely below 1.6800. During the American session bottomed at 1.6783 and then moved in a small range under 1.6800.
The Pound was the best performer among European currencies on Monday pushing the GBP/CHF above 1.5050 and the EUR/GBP back below 0.8100.
GBP/USD technical outlook
“The hourly chart shows price developing below 20 SMA and indicators heading lower in negative territory, putting the pressure to the downside”, says Valeria Bednarik, Chief Analyst at FXStreet.
In the 4 hours chart, Bednarik notes that the pair is standing above the 20 SMA and the 200 EMA, “both converging in the 1.6770/80 price zone and acting as immediate support”.
The Pound was the best performer among European currencies on Monday pushing the GBP/CHF above 1.5050 and the EUR/GBP back below 0.8100.
GBP/USD technical outlook
“The hourly chart shows price developing below 20 SMA and indicators heading lower in negative territory, putting the pressure to the downside”, says Valeria Bednarik, Chief Analyst at FXStreet.
In the 4 hours chart, Bednarik notes that the pair is standing above the 20 SMA and the 200 EMA, “both converging in the 1.6770/80 price zone and acting as immediate support”.