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19 Mar 2014
GBP/USD wrestled the 1.66, and moves higher
FXStreet (Moscow) - GBP/USD pierced the 1.66 resistance level reaching 1.6621 high, and retracing to 1.6610 area at the moment.
GBP/USD will need some fuel from jobs
The pair finally managed to break above 1.66 resistance level clearing some stop orders in this area, and reaching 1.6621 high by the moment. Another area of huge sellers’ interest is 1.6625 which if broken will pave the way up to 1.6650 barrier. The scheduled for today UK jobs data, and MPC minutes have the potential to support the break-out of 1.6650 strong resistance level which holds intact from March, 13. Thus, further move to 1.6701 is not ruled out.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6596, with support below at 1.6542, 1.6491 and 1.6437 with resistance above at 1.6647, 1.6701, and 1.6752. Hourly Moving Averages are largely bullish, with the 200SMA bearish at 1.6648, and the daily 20EMA flat at 1.6636. Hourly RSI is neutral at 45.
GBP/USD will need some fuel from jobs
The pair finally managed to break above 1.66 resistance level clearing some stop orders in this area, and reaching 1.6621 high by the moment. Another area of huge sellers’ interest is 1.6625 which if broken will pave the way up to 1.6650 barrier. The scheduled for today UK jobs data, and MPC minutes have the potential to support the break-out of 1.6650 strong resistance level which holds intact from March, 13. Thus, further move to 1.6701 is not ruled out.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6596, with support below at 1.6542, 1.6491 and 1.6437 with resistance above at 1.6647, 1.6701, and 1.6752. Hourly Moving Averages are largely bullish, with the 200SMA bearish at 1.6648, and the daily 20EMA flat at 1.6636. Hourly RSI is neutral at 45.