25 Mar 2014
GBP/USD wants to take a look at 1.6536
FXStreet (Moscow) - GBP/USD is showing shy attempts to reach new session highs posting 1?6512 by the moment.
GBP/USD may get some help from crosses
The pair tried to stride up to the nearest resistance level at 1.6536, but attempts are failed in 1.6512 area. Nevertheless, the pair still has some potential to resume the rise thanks to EUR/GBP cross moves. The weakness of the euro gives another opportunity to raise interest to the British currency on the back of better than expected Core CPI, and positive Retail Price index confirming the development of inflationary pressure in Britain.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6499, with support below at 1.6461, 1.6424, and 1.6386 with resistance above at 1.6536, 1.6574, and 1.6611. Hourly Moving Averages are largely bearish, with the 200SMA at 1.6578, and the daily 20EMA bearish at 1.6593. Hourly RSI is neutral at 51.
GBP/USD may get some help from crosses
The pair tried to stride up to the nearest resistance level at 1.6536, but attempts are failed in 1.6512 area. Nevertheless, the pair still has some potential to resume the rise thanks to EUR/GBP cross moves. The weakness of the euro gives another opportunity to raise interest to the British currency on the back of better than expected Core CPI, and positive Retail Price index confirming the development of inflationary pressure in Britain.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6499, with support below at 1.6461, 1.6424, and 1.6386 with resistance above at 1.6536, 1.6574, and 1.6611. Hourly Moving Averages are largely bearish, with the 200SMA at 1.6578, and the daily 20EMA bearish at 1.6593. Hourly RSI is neutral at 51.