26 May 2014
GBP/USD is quiet ahead of European opening
FXStreet (Moscow) - GBP/USD is in no hurry, as the pair is sitting in a narrow range limited by 1.6828 on the downside and 1.6843 on the upside.
Attractive levels for pound bulls
Although the UK celebrates Spring Bank Holiday on Monday, the pair may still show some interesting developments on the technical factors, and on the game of contrasts. The recent correction of the pair back to 1.6820 area on the back of failed attempts to position above 1.69, may attract pound bulls again. The BOE is assumed to be the most aggressive central bank out of G7 with the strongest state of the economy among G7 countries, and this notion may keep the pair bid every time it reaches local lows.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6840, with support below at 1.6804, 1.6775, and 1.6739 with resistance above at 1.6869, 1.6905, and 1.6935. Hourly Moving Averages are mixed, with the 200SMA at 1.6829, and the daily 20EMA flat at 1.6836. Hourly RSI is bearish at 42.
Attractive levels for pound bulls
Although the UK celebrates Spring Bank Holiday on Monday, the pair may still show some interesting developments on the technical factors, and on the game of contrasts. The recent correction of the pair back to 1.6820 area on the back of failed attempts to position above 1.69, may attract pound bulls again. The BOE is assumed to be the most aggressive central bank out of G7 with the strongest state of the economy among G7 countries, and this notion may keep the pair bid every time it reaches local lows.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6840, with support below at 1.6804, 1.6775, and 1.6739 with resistance above at 1.6869, 1.6905, and 1.6935. Hourly Moving Averages are mixed, with the 200SMA at 1.6829, and the daily 20EMA flat at 1.6836. Hourly RSI is bearish at 42.