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7 Mar 2014
GBP/USD got some boost from buyers
FXStreet (Moscow) - GBP/USD reached 1.6760 high on the rebound from 1.6720.
Pure technicals
GBP/USD showed pure technical move on empty economic calendar bumping into buyers’ demand in 1.6720 area, and rebounding to 1.6750-55 where large sellers’ interest is noted with stop above. The move higher will be a challenge, though there won’t be any significant barriers up to 1.68. The downside is limited by 1.67 with good buyers’ demand is still in place.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6734, with support below at 1.6688, 1.6640 and 1.6594, with resistance above at 1.6782, 1.6828, and 1.6876. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6692, and the daily 20EMA bullish at 1.6640. Hourly RSI is neutral at 53.
Pure technicals
GBP/USD showed pure technical move on empty economic calendar bumping into buyers’ demand in 1.6720 area, and rebounding to 1.6750-55 where large sellers’ interest is noted with stop above. The move higher will be a challenge, though there won’t be any significant barriers up to 1.68. The downside is limited by 1.67 with good buyers’ demand is still in place.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6734, with support below at 1.6688, 1.6640 and 1.6594, with resistance above at 1.6782, 1.6828, and 1.6876. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6692, and the daily 20EMA bullish at 1.6640. Hourly RSI is neutral at 53.