Back
11 Sep 2014
GBP/USD is on the way to close Monday’s gap
FXStreet (Moscow) - GBP/USD just touched 1.6247 high not seen from last Friday, but retreated to current 1.6225 area.
Little victory
It looks like the pound returned on the path of recovery, at least for some time. Empty economic calendar, and no visible reasons for the pair rise didn’t prevent the pair from rising to 1.6247 level not seen since last week. The pound may try to close the Monday’s gap, and if it succeeds, it may be another little victory on the way to more broad achievements. Currently, large sellers’ interest is rumored around 1.6250/60 with stops above. The buyers’ interest may be found around 1.6185/90.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6165, with support below at 1.6098, 1.5986 and 1.5919 with resistance above at 1.6277, 1.6344, and 1.6456. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.6337, and the daily 20EMA bearish at 1.6470. Hourly RSI is bullish at 69.
Little victory
It looks like the pound returned on the path of recovery, at least for some time. Empty economic calendar, and no visible reasons for the pair rise didn’t prevent the pair from rising to 1.6247 level not seen since last week. The pound may try to close the Monday’s gap, and if it succeeds, it may be another little victory on the way to more broad achievements. Currently, large sellers’ interest is rumored around 1.6250/60 with stops above. The buyers’ interest may be found around 1.6185/90.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6165, with support below at 1.6098, 1.5986 and 1.5919 with resistance above at 1.6277, 1.6344, and 1.6456. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.6337, and the daily 20EMA bearish at 1.6470. Hourly RSI is bullish at 69.