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20 Mar 2014
GBP/USD got some fuel from Merkel
FXStreet (Moscow) - GBP/USD speeded up its move higher reaching 1.6567 at the moment.
GBP/USD got supported via EUR/GBP
While the economic calendar is empty the market is focused on official comments. And the recent words from Germany’s Merkel on further sanctions against Russia pressured the euro, and supported the GBP demand via EUR/GBP cross. The pair is testing central pivot point at the moment, and if broken, it may go higher with initial target at 1.6628.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6568, with support below at 1.6479, 1.6419 and 1.6330 with resistance above at 1.6628, 1.6717, and 1.6777. Hourly Moving Averages are bearish, with the 200SMA at 1.6628, and the daily 20EMA flat at 1.6627. Hourly RSI is neutral at 37.
GBP/USD got supported via EUR/GBP
While the economic calendar is empty the market is focused on official comments. And the recent words from Germany’s Merkel on further sanctions against Russia pressured the euro, and supported the GBP demand via EUR/GBP cross. The pair is testing central pivot point at the moment, and if broken, it may go higher with initial target at 1.6628.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6568, with support below at 1.6479, 1.6419 and 1.6330 with resistance above at 1.6628, 1.6717, and 1.6777. Hourly Moving Averages are bearish, with the 200SMA at 1.6628, and the daily 20EMA flat at 1.6627. Hourly RSI is neutral at 37.