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Alert - 15:55 (CET) - Sterling advances against the Dollar
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The GbpUsd is trading at 1.3866 Dollars per Pound. This session, the pair is ranging from 1.3548 to 1.3931, over yesterday's close at 1.3804. In the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are under the 200-day EMA.
As the support at 1.3770 (March 31st, 1985 low) was broken, the traders are watching the next at 1.3500 (key) and 1.3040 (September 30th, 1985 low). The resistances are watched at 1.4000 (key), 1.4443 (January 20th low) and 1.4909 (January 19th low).
The Sterling rebounded from its intraday lows hit in the Asian session , after Barclay's denied last week's rumours, and confirming it won't need the government's helo. This way, the Sterling managed to advance 0.40% against the Dollar, almost 300 pips over the intraday lows.
The average volatility per hour is 80 pips and the 60-minute Relative Strenght Index (RSI) is at 45 points, rebounding from the overbought area.
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