Back
13 Mar 2014
GBP/USD couldn’t help rising
FXStreet (Moscow) - GBP/USD followed the broad-based move reaching 3-days high at 1.6684 in the morning, and not showing signs of retracement.
GBP/USD may show something bigger
Despite the recent jump higher, technically and fundamentally the pair has all the chances to resume the slide. Some shy attempts to break below 1.6570 area failed, but it doesn’t mean that we won’t see something bigger in short-term. The barren economic calendar will leave the pair focused on the market sentiment, and US events. Besides the widely expected retails sales, the Senate Banking Committee Confirmation Hearing on Fed Nominees also may be of interest. We already know about hawkish Fisher, and dovish Powell, but Brainerd is a dark horse. Her comments during Q&A session may be of interest, as may define the speed of the current tapering. The initial resistance comes at 1.6678, and the support level lies at 1.6608.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6608, with support below at 1.6578, 1.6538 and 1.6508 with resistance above at 1.6648, 1.6678, and 1.6718. Hourly Moving Averages are largely bearish, with the 200SMA bearish at 1.6682, and the daily 20EMA flat at 1.6645. Hourly RSI is neutral at 66.
GBP/USD may show something bigger
Despite the recent jump higher, technically and fundamentally the pair has all the chances to resume the slide. Some shy attempts to break below 1.6570 area failed, but it doesn’t mean that we won’t see something bigger in short-term. The barren economic calendar will leave the pair focused on the market sentiment, and US events. Besides the widely expected retails sales, the Senate Banking Committee Confirmation Hearing on Fed Nominees also may be of interest. We already know about hawkish Fisher, and dovish Powell, but Brainerd is a dark horse. Her comments during Q&A session may be of interest, as may define the speed of the current tapering. The initial resistance comes at 1.6678, and the support level lies at 1.6608.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6608, with support below at 1.6578, 1.6538 and 1.6508 with resistance above at 1.6648, 1.6678, and 1.6718. Hourly Moving Averages are largely bearish, with the 200SMA bearish at 1.6682, and the daily 20EMA flat at 1.6645. Hourly RSI is neutral at 66.