Forex | Forex | Sterling over extended (03/09/2009 02:15:00)

Sterling over extended

FXstreet.com (Buenos Aires) – GBP/USD Current Price: 1.6270. Over extended in the hourly, indicators point for some downside corrective movement, in the next hours.

“Yet pair will need to confirm under the 1.6250 static support level, to extend that correction to next key support, the 20 SMA around 1.6220 with a strong bullish slope that should keep the downside limited,” said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6250 1.6220 1.6180. Resistance levels: 1.6300 1.6335 1.6370.

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