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Alert - 18:00 (CET) - GbpUsd under 1.4700
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The stock markets in the US didn't find a clear direction, navigating in mixed territory, with gains and losses. This way, the appetite for high yielders dimmed and the Sterling was, for the first time in the session, under 1.4700 against the Dollar.
The GbpUsd is trading at 1.4695 Dollars per Pound. This session, the pair is ranging from 1.4679 to 1.4796, under yesterday's close at 1.4740. 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), 1.4346 (April 19th 2002 low) and 1.4000 (key). If the pair rebounds over the resistances at 1.5000 (key), the traders will be watching the next at 1.5534 (November 25th high) and 1.6000 (key).
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 170 pips and the 60-minute Relative Strenght Index (RSI) is at 43 points, rebounding from the oversold area.
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