26 Mar 2014
GBP/USD failed to break above 1.6560
FXStreet (Moscow) - GBP/USD was quite active for Asia trades starting at 1.6527 reaching session high at 1.6539, and sliding back to 1.6530 area at the moment.
GBP/USD will move on technical factors
Given the absence of any key events on the economic calendar, the pair moves have purely technical nature. The pair is bid – it met strong offers at 1.6550 triggering stops in a rush to 1.6556 weekly high. It retraced now back to 1.6540, but another run to new highs is not ruled out. More offers in 1.6570/80 area and then at 1.6600/10. We may see another buying interest on dips back to 1.6510, as happened in early Europe today.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6520, with support below at 1.6491, 1.6451, and 1.6422 with resistance above at 1.6560, 1.6589, and 1.6629. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6563, and the daily 20EMA bearish at 1.6587. Hourly RSI is neutral at 57.
GBP/USD will move on technical factors
Given the absence of any key events on the economic calendar, the pair moves have purely technical nature. The pair is bid – it met strong offers at 1.6550 triggering stops in a rush to 1.6556 weekly high. It retraced now back to 1.6540, but another run to new highs is not ruled out. More offers in 1.6570/80 area and then at 1.6600/10. We may see another buying interest on dips back to 1.6510, as happened in early Europe today.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6520, with support below at 1.6491, 1.6451, and 1.6422 with resistance above at 1.6560, 1.6589, and 1.6629. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6563, and the daily 20EMA bearish at 1.6587. Hourly RSI is neutral at 57.