12 May 2014
GBP/USD is coming closer to 1.69
FXStreet (Moscow) - GBP/USD is trading at 1.6894, up 0.26% on the day, having posted a daily high at 1.6897 and low at 1.6844.
UK data is of interest
The pair is on the rise rushing back to 1.69 with high chances of breakout, given the positive expectations for UK Labor data and Quarterly Inflation Report scheduled for Wednesday. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 76.76, up from 48.12 at the last hour close, while ADX is trending at 38.74, up from 22.93 previous. Meanwhile, daily RSI is in neutral territory at 54.84.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6874, with support below at 1.6808, 1.6767, 1.6701 with resistance above at 1.6915, 1.6981, and 1.7022. Hourly Moving Averages are largely bearish, with the 200SMA at 1.6900, and the daily 20EMA flat at 1.6837. Hourly RSI is bearish at 34.
UK data is of interest
The pair is on the rise rushing back to 1.69 with high chances of breakout, given the positive expectations for UK Labor data and Quarterly Inflation Report scheduled for Wednesday. The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 76.76, up from 48.12 at the last hour close, while ADX is trending at 38.74, up from 22.93 previous. Meanwhile, daily RSI is in neutral territory at 54.84.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6874, with support below at 1.6808, 1.6767, 1.6701 with resistance above at 1.6915, 1.6981, and 1.7022. Hourly Moving Averages are largely bearish, with the 200SMA at 1.6900, and the daily 20EMA flat at 1.6837. Hourly RSI is bearish at 34.