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26 Feb 2014
GBP/USD wakes up in Europe
FXStreet (Moscow) - GBP/USD opened the day 1.6678 and reached 1.6688 session high in Europe.
GBP will get no blow from GDP
While everybody is talking about M&A flows supporting the pound, we will remember about the GDP numbers scheduled for release from Britain. As it is the second estimate the market doesn’t expect any revisions, and surprises, though many analysts predict more balanced structure of growth, and it also can be a positive for the cable factor. Meeting the forecasts or coming above will give the pair impulse to move higher with initial target at 1.6715 resistance level.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6678, with support below at 1.6630, 1.6593 and 1.6545, with resistance above at 1.6715, 1.6763, and 1.68. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6683, and the daily 20EMA bullish at 1.6579. Hourly RSI is neutral at 48.
GBP will get no blow from GDP
While everybody is talking about M&A flows supporting the pound, we will remember about the GDP numbers scheduled for release from Britain. As it is the second estimate the market doesn’t expect any revisions, and surprises, though many analysts predict more balanced structure of growth, and it also can be a positive for the cable factor. Meeting the forecasts or coming above will give the pair impulse to move higher with initial target at 1.6715 resistance level.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6678, with support below at 1.6630, 1.6593 and 1.6545, with resistance above at 1.6715, 1.6763, and 1.68. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6683, and the daily 20EMA bullish at 1.6579. Hourly RSI is neutral at 48.