25 Jun 2014
GBP/USD performs a small bounce at 1.6970
FXStreet (San Francisco) - The Sterling is trading on the defensive against the US Dollar right now as the pair declined from 1.7000 to find support at 1.6970 where the pair did a small bounce to 1.6980.
Currently, GBP/USD is trading at 1.6976, down -0.05% on the day, having posted a daily high at 1.7006 and low at 1.6952. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index also is neutral.
GBP/USD sentiment
Intraday support is located at 1.6950, however, the cable would face supports at 1.6970 and 1.6960 before that level. On the upside, 1.7000 is the level to be broken.
Currently, GBP/USD is trading at 1.6976, down -0.05% on the day, having posted a daily high at 1.7006 and low at 1.6952. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index also is neutral.
GBP/USD sentiment
Intraday support is located at 1.6950, however, the cable would face supports at 1.6970 and 1.6960 before that level. On the upside, 1.7000 is the level to be broken.