21 Mar 2014
GBP/USD is more dynamic than other Europeans
FXStreet (Moscow) - GBP/USD was more dynamic than other European pairs starting the day at 1.6502, reaching 1.6519 high, and retracing below 1.65 round level at the moment.
GBP/USD looks stronger than EUR/USD
Although the pair lost about 50 pips during yesterday’s sell-off, it still shows more stability than European colleague. It reached the 6-week low at 1.6479, and the further move down will be not an easy task. Most probably the pair will show range-bound session within 1.6479-1.6519 zone. The scheduled for today UK Public Sector Finance hardly will trigger any market reaction, as the focus of the investors is again on geopolitical risks.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6519, with support below at 1.6466, 1.6428 and 1.6375 with resistance above at 1.6557, 1.6610, and 1.6648. Hourly Moving Averages are bearish, with the 200SMA at 1.6607, and the daily 20EMA bearish at 1.6615. Hourly RSI is neutral at 43.
GBP/USD looks stronger than EUR/USD
Although the pair lost about 50 pips during yesterday’s sell-off, it still shows more stability than European colleague. It reached the 6-week low at 1.6479, and the further move down will be not an easy task. Most probably the pair will show range-bound session within 1.6479-1.6519 zone. The scheduled for today UK Public Sector Finance hardly will trigger any market reaction, as the focus of the investors is again on geopolitical risks.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6519, with support below at 1.6466, 1.6428 and 1.6375 with resistance above at 1.6557, 1.6610, and 1.6648. Hourly Moving Averages are bearish, with the 200SMA at 1.6607, and the daily 20EMA bearish at 1.6615. Hourly RSI is neutral at 43.