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Alert - 10:10 (CET) - GbpUsd
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The GbpUsd is trading at 1.5038 Dollars per Pound. This session, the pair is ranging from 1.4941 to 1.5066. The current price is over yesterday's close at 1.4944. In the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are under the 200-day EMA.
The traders are watching the supports at 1.4500 (key) and 1.4346 (April 19th 2002 low). The resistance at 1.5000 (key) is being challenged, so the traders have their eyes on 1.5534 (November 25th high) and 1.6000 (key).
During this session, the Sterling, as the other high yielders, started with the right foot against the US Dollar. The equity markets are certain that, no matter what, the US government will rescue the auto sector. This way, the Sterling advanced 0.47% against the US Dollar.
Checking the daily graphics, the current price is over the 23.60% (1.3701) and under the 38.20% (1.5767) Fibonacci retracement lines. The average volatility per hour is 105 pips and the 60-minute Relative Strenght Index (RSI) is at 54 points, after being overbought.
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