Back
4 Oct 2013
GBP/USD stalled around 1.6030 weekly lows
FXstreet.com (Chicago) - GBP/USD plunged to 1.6030 bottoms accumulating 0.76% daily losses so far amid the US government shutdown that continues.
Not time to unite, yet
The US political crisis continues causing millionaire losses in a country that already has the biggest debt deficit in the history of humanity. On earlier comments, White House representatives said Obama would veto republican bills if they continued while republicans said no changes will be made until the debt ceiling is extended and Obamacare postponed.
GBP/USD Technical Levels
Technically speaking, the pair continues above the upward trendline that started last July 4th but breaks a shorter-term trendline (since September 2nd). Still around 9-month highs, the pair oscillates between supports aligned at 1.6014 (September 20th lows), 1.5953 (September 24th lows) ahead of 1.5876 (September 17th lows) and resistances set at 1.6095 (September 26th highs), 1.6158 (September 18th highs) followed by 1.6259 (September 29th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.
Not time to unite, yet
The US political crisis continues causing millionaire losses in a country that already has the biggest debt deficit in the history of humanity. On earlier comments, White House representatives said Obama would veto republican bills if they continued while republicans said no changes will be made until the debt ceiling is extended and Obamacare postponed.
GBP/USD Technical Levels
Technically speaking, the pair continues above the upward trendline that started last July 4th but breaks a shorter-term trendline (since September 2nd). Still around 9-month highs, the pair oscillates between supports aligned at 1.6014 (September 20th lows), 1.5953 (September 24th lows) ahead of 1.5876 (September 17th lows) and resistances set at 1.6095 (September 26th highs), 1.6158 (September 18th highs) followed by 1.6259 (September 29th highs). According to the FXstreet.com trend index, the pair is slightly bearish on one-hour timeframe analysis below the EMA20.