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5 Mar 2014
GBP/USD stepped up, only 20 pips though
FXStreet (Moscow) - GBP/USD started to move after morning sleep around 1.6665, and reached 1.6682 by the moment.
GBP awaits for UK PMI
The pair moves higher but with small steps reaching 1.6682 from 1.6662 at the open. There is no significant barriers up till 1.67 where mild sellers’ demand is noted. The downside is limited by 1.6650 where good buyers’ interest is rumored. The pair awaits for new catalysts to come in European session, and stronger than expected UK Services PMI do have a potential to send the pair to initial resistance level around 1.6712.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6676, with support below at 1.6634, 1.6598 and 1.6556, with resistance above at 1.6712, 1.6754, and 1.6790. Hourly Moving Averages are largely bearish, with the 200SMA at 1.6676, and the daily 20EMA bullish at 1.6620. Hourly RSI is neutral at 46.
GBP awaits for UK PMI
The pair moves higher but with small steps reaching 1.6682 from 1.6662 at the open. There is no significant barriers up till 1.67 where mild sellers’ demand is noted. The downside is limited by 1.6650 where good buyers’ interest is rumored. The pair awaits for new catalysts to come in European session, and stronger than expected UK Services PMI do have a potential to send the pair to initial resistance level around 1.6712.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6676, with support below at 1.6634, 1.6598 and 1.6556, with resistance above at 1.6712, 1.6754, and 1.6790. Hourly Moving Averages are largely bearish, with the 200SMA at 1.6676, and the daily 20EMA bullish at 1.6620. Hourly RSI is neutral at 46.