The currency pair is being traded in the horizontal channel 1.6449 - 1.6327.
The volatility of GBPUSD was very low (close to the minimal level) thanks to the Euro-zones’s PPI and Sentix Investor Confidence, which came out worse than the previous value and the forecast.
Today’s news background is “scanty”. The only significant events are the EU’s Retail Sales and Fed Chairman Ben Bernanke’s speech.
On breaking the existing levels, 1.6565 and 1.6232 will become new support and resistance levels correspondingly.
Provided by the Department of Options,
