18 Jul 2014
GBP/USD falls to rebound again
FXStreet (Moscow) - GBP/USD opened at 1.7097, slid to 1.7082, but managed to rebound to 1.71 area.
Losing momentum
The pair is gradually losing momentum, as the disappointment about wage inflation is still pressuring the pound. The British currency managed to recover above 1.71 only after it touched 1.7085 area yesterday. Today the situation repeated again in the morning. The absence of any significant catalysts may leave the pair in consolidation mode with 1.7076 support level to the downside, and 1.7136 resistance to the upside.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.7110, with support below at 1.7076, 1.7050, and 1.7016 with resistance above at 1.7136, 1.7170, and 1.7196. Hourly Moving Averages are mixed, with the 200SMA at 1.7123, and the daily 20EMA bullish at 1.7082. Hourly RSI is bearish at 45.
Losing momentum
The pair is gradually losing momentum, as the disappointment about wage inflation is still pressuring the pound. The British currency managed to recover above 1.71 only after it touched 1.7085 area yesterday. Today the situation repeated again in the morning. The absence of any significant catalysts may leave the pair in consolidation mode with 1.7076 support level to the downside, and 1.7136 resistance to the upside.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.7110, with support below at 1.7076, 1.7050, and 1.7016 with resistance above at 1.7136, 1.7170, and 1.7196. Hourly Moving Averages are mixed, with the 200SMA at 1.7123, and the daily 20EMA bullish at 1.7082. Hourly RSI is bearish at 45.