Published: Tue, 23 Jun 2009 06:05:00 +0200
Sterling; selling pressure continues
FXstreet.com (Buenos Aires) ? GBP/USD, selling pressure continues and pair approaches to key daily ascendant trend line at 1.6280 that should hold the downside at least at a first approach, yet will be key for the pair trend: clear break under the line could accelerate downside momentum in the next hours.
?Price under 20 SMA and 200 EMA in the hourly support the view, thus volatility should continue in the pair in the next days,? said Valeria Bednarik, collaborator at FXstreet.com. Support levels: 1.6300 1.6280 1.6240. Resistance levels: 1.6360 1.6390 1.6420.
By Fxstreet.com
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