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17 Mar 2014
GBP/USD opened the day in positive mood
FXStreet (Moscow) - GBP/USD even showed some attempts to go higher from the open starting the Asia at 1.6626, and moving up to 1.6648 session high; it trades around 1.6640 at the moment.
GBP/USD is still immune
The pair is more immune to risk aversion moves, as the British economy is less sensitive to Russian trade relationships, and is showing stable recovery momentum. And this thesis is supported by pound’s attempts to break above 1.6650 resistance level in Asia. Although this week promises to be quite interesting in terms of fundamental news, Mondays’ economic calendar is barren. It means the market sentiment will the be key factor to define the currency moves, with the downside limited to 1.6608 support level, and the upside – with 1.6673.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6630, with support below at 1.6608, 1.6565 and 1.6543 with resistance above at 1.6673, 1.6695, and 1.6738. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.6668, and the daily 20EMA flat at 1.6641. Hourly RSI is neutral at 41.
GBP/USD is still immune
The pair is more immune to risk aversion moves, as the British economy is less sensitive to Russian trade relationships, and is showing stable recovery momentum. And this thesis is supported by pound’s attempts to break above 1.6650 resistance level in Asia. Although this week promises to be quite interesting in terms of fundamental news, Mondays’ economic calendar is barren. It means the market sentiment will the be key factor to define the currency moves, with the downside limited to 1.6608 support level, and the upside – with 1.6673.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6630, with support below at 1.6608, 1.6565 and 1.6543 with resistance above at 1.6673, 1.6695, and 1.6738. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.6668, and the daily 20EMA flat at 1.6641. Hourly RSI is neutral at 41.