21 Mar 2014
GBP/USD is attacking 1.6475 area
FXStreet (Moscow) - GBP/USD is testing 1.6475 support level at the moment.
GBP/USD looks stronger than EUR/USD
The pair is testing good support around 1.6475/85 reaching 1.6474 low by the moment. Nevertheless, the break below may be a hard task with large amount of bid rumored in 1.6475 area. The possible catalyst of the recent slide is GBP/JPY development due to noted strengthening of the yen demand. Repatriation flows are in place before the end of the fiscal year in Japan, so the Japanese currency may be the only catalyst of moves for today.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6519, with support below at 1.6466, 1.6428 and 1.6375 with resistance above at 1.6557, 1.6610, and 1.6648. Hourly Moving Averages are bearish, with the 200SMA at 1.6607, and the daily 20EMA bearish at 1.6615. Hourly RSI is neutral at 43.
GBP/USD looks stronger than EUR/USD
The pair is testing good support around 1.6475/85 reaching 1.6474 low by the moment. Nevertheless, the break below may be a hard task with large amount of bid rumored in 1.6475 area. The possible catalyst of the recent slide is GBP/JPY development due to noted strengthening of the yen demand. Repatriation flows are in place before the end of the fiscal year in Japan, so the Japanese currency may be the only catalyst of moves for today.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6519, with support below at 1.6466, 1.6428 and 1.6375 with resistance above at 1.6557, 1.6610, and 1.6648. Hourly Moving Averages are bearish, with the 200SMA at 1.6607, and the daily 20EMA bearish at 1.6615. Hourly RSI is neutral at 43.