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GBP/USD – Receives Solid Support at 1.66
Over the last week or so the GBP/USD has received solid support from the key 1.66 level after it retraced strongly from the resistance level at 1.68. In early February, the pound enjoyed a very healthy time moving well from the support level at 1.6250 through 1.6450 before pushing on to the multi-year high above 1.680. In late January the pound fell sharply and experienced its worst one week fall this year which resulted in it moving to the six week low near the support level at 1.6250. Over the last few months the pound has established and traded within a trading range roughly around the key level of 1.6450, whilst ... (full story)
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- Edited 10:25pm Feb 26, 2014 10:13pm | Edited 10:25pm
- traderathome
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