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27 Feb 2014
GBP/USD hesitates around 1.6635 area
FXStreet (Moscow) - GBP/USD reached the session lows around 1.6635, and stuck somewhere around hesitating about the direction.
GBP/USD is range-bound
GBP/USD was not able to stage a full-blown rise meeting sellers’ interest around 1.6675 area. It sent the pair to session lows around 1.6634, but the slide was not sustained either. Large buyers’ demand is rumored around 1.6625, thus it may become a strong support level for the time being. The pair is poised for consolidation within narrow ranges on the back of empty UK calendar in Europe. Nevertheless, the looming US data may change the currency disposition. The upside is limited by 1.6655 resistance level.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6540, with support below at 1.6478, 1.6363 and 1.6301, with resistance above at 1.6655, 1.6717, and 1.6832. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6386, and the daily 20EMA flat at 1.6443. Hourly RSI is neutral at 70.
GBP/USD is range-bound
GBP/USD was not able to stage a full-blown rise meeting sellers’ interest around 1.6675 area. It sent the pair to session lows around 1.6634, but the slide was not sustained either. Large buyers’ demand is rumored around 1.6625, thus it may become a strong support level for the time being. The pair is poised for consolidation within narrow ranges on the back of empty UK calendar in Europe. Nevertheless, the looming US data may change the currency disposition. The upside is limited by 1.6655 resistance level.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6540, with support below at 1.6478, 1.6363 and 1.6301, with resistance above at 1.6655, 1.6717, and 1.6832. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6386, and the daily 20EMA flat at 1.6443. Hourly RSI is neutral at 70.