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6 Sep 2013
GBP/USD settled ahead of closing hours
FXstreet.com (London) - GBP/USD has settled ahead of the close for the weekend, oscillating in the 1.5630’s.
The pair settled down after a turbulent day in the wake of the US Dollar trading negatively following the weaker than expected US Non Farm Payrolls data. The non-farm payrolls grew by 169K in August versus 180K expected, while July figure was downwardly revised to 104K from 162K previously estimated. Meanwhile, the unemployment rate dropped to 7.3% from 7.4% but that was because fewer people were looking for work
GBP/USD levels
The 20 DMA is 1.5564, the 50 DAM is 1.5358 and the 200 DAM is 1.5497. RSI (14) reads 58.03. Supports are ascending from 1.5506 1.5522 1.5556 1.5573 and 1.558. Spot is currently 1.5635 while resistances are 1.5640, 1.5674 and 1.5696 until 1.5718 and 1.5753.
The pair settled down after a turbulent day in the wake of the US Dollar trading negatively following the weaker than expected US Non Farm Payrolls data. The non-farm payrolls grew by 169K in August versus 180K expected, while July figure was downwardly revised to 104K from 162K previously estimated. Meanwhile, the unemployment rate dropped to 7.3% from 7.4% but that was because fewer people were looking for work
GBP/USD levels
The 20 DMA is 1.5564, the 50 DAM is 1.5358 and the 200 DAM is 1.5497. RSI (14) reads 58.03. Supports are ascending from 1.5506 1.5522 1.5556 1.5573 and 1.558. Spot is currently 1.5635 while resistances are 1.5640, 1.5674 and 1.5696 until 1.5718 and 1.5753.