10 Apr 2014
GBP/USD goes home, 1.6740 Str.
FXStreet (Moscow) - GBP/USD retreats from multi-year high posted on Wednesday reaching 1.6770 area by the moment.
Relaxed depreciation
Today we will see a complete non-event in the form of the BOE rate decision. Hardly anybody expects to see any new developments on monetary policy field, thus, the pair most likely ignores the meeting. As there are no any other reports of interest scheduled for today, we may see moderate move down with initial target at 1.6744 support level, that make limit the move down for some time, before we get another catalyst for buying.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6772, with support below at 1.6744, 1.6694, and 1.6666 with resistance above at 1.6822, 1.6850, and 1.6900. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6654, and the daily 20EMA bullish at 1.6633. Hourly RSI is bullish at 54.
Relaxed depreciation
Today we will see a complete non-event in the form of the BOE rate decision. Hardly anybody expects to see any new developments on monetary policy field, thus, the pair most likely ignores the meeting. As there are no any other reports of interest scheduled for today, we may see moderate move down with initial target at 1.6744 support level, that make limit the move down for some time, before we get another catalyst for buying.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6772, with support below at 1.6744, 1.6694, and 1.6666 with resistance above at 1.6822, 1.6850, and 1.6900. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6654, and the daily 20EMA bullish at 1.6633. Hourly RSI is bullish at 54.