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5 Jun 2014
GBP/USD moves up before the ECB show
FXStreet (Moscow) - GBP/USD opened at 1.6734, and gradually moved up reaching session high at 1.6753 by the moment.
No rest for the pound
The pound will have to play only second role during today’s celebration of new monetary course of the ECB. However, this doesn’t mean the pair will stay in peace and quiet during the whole day. Most probably it will get some inspiration from EUR/GBP cross moves, and the game of contrasts will again play the key role. The less dovish the ECB, the more chances for the cable to slide down with initial target at 1.6700 support level.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6735, with support below at 1.6700, 1.6665, 1.6630 with resistance above at 1.6770, 1.6805, and 1.6840. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6766, and the daily 20EMA bearish at 1.6790. Hourly RSI is bullish at 52.
No rest for the pound
The pound will have to play only second role during today’s celebration of new monetary course of the ECB. However, this doesn’t mean the pair will stay in peace and quiet during the whole day. Most probably it will get some inspiration from EUR/GBP cross moves, and the game of contrasts will again play the key role. The less dovish the ECB, the more chances for the cable to slide down with initial target at 1.6700 support level.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6735, with support below at 1.6700, 1.6665, 1.6630 with resistance above at 1.6770, 1.6805, and 1.6840. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6766, and the daily 20EMA bearish at 1.6790. Hourly RSI is bullish at 52.