Today, the economic calendar is rather eventful. The following data are expected today: U.K. jobless rate data, the unemployment benefits report, BOE Governor Carney speech, BOE inflation report, the core retail sales report in the U.S.
The pair is trading at a 3-day high. The pair has a resistance at 1.6923 above this 1.6935 above these, it can spike up to 1.68825 (100DSma). At a daily closure above 1.68825, it can zoom up to 1.6890 and 1.6920. We recommend buying above the 1.6935 levels. In hourly trading, the pair is trading above the key moving averages. The pair has intraday support at 1.6810, 1.68, and 1.6790. Until the price closes above 1.6790, buying on dips will bring profit. The pair looks only below 1.6778; it can make correction to the 1.6757, 1.6739, and 1.6720 levels.
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on market trends you may visit via Intraday analysis of GBP/USD for August 13, 2014 . Thanks for your support on Intraday analysis of GBP/USD for August 13, 2014
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