Forex | Forex | Sterling remains under 1.6300 (01/09/2009 02:02:00)

Sterling remains under 1.6300

FXstreet.com (Buenos Aires) – GBP/USD Current Price: 1.6285. Not much change since last update, pair remains under 1.6300 after failing to regain the level. Indicators remain slightly bearish both in 1 and 4 hours charts, yet 20 SMA seems to be turning up, and price finally overcome it, more due to lateralization that clear acceleration.

“Pair needs to confirm above yesterday’s high around 1.6330 to gain some upside momentum,” said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.6350 1.6210 1.6160. Resistance levels: 1.6300 1.6330 1.6370.

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