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17 Apr 2014
GBP/USD posted 1.6844 high, but retreated so far
FXStreet (Moscow) - Currently, GBP/USD is trading at 1.6837, up 0.25% on the day, having posted a daily high at 1.6844 and low at 1.6791.
The cable doesn’t give up
Currently, the pair trades around 1.6830 again triggering some stops around that helped the pair post 1.6844 high refreshing multi-year peaks. Another bout of sellers’ interest is noted around 1.6850 area that will be hard to break above. However, broad-based USD weakness supports the interest to the pound, and the further move up is still not ruled out. If so, the next target on the way higher is at 1.6878 resistance level.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6778, with support below at 1.6738, 1.6678, 1.6638 with resistance above at 1.6838, 1.6878, and 1.6938. Hourly Moving Averages are bullish, with the 200SMA at 1.6723, and the daily 20EMA bullish at 1.6681. Hourly RSI is bullish at 80.
The cable doesn’t give up
Currently, the pair trades around 1.6830 again triggering some stops around that helped the pair post 1.6844 high refreshing multi-year peaks. Another bout of sellers’ interest is noted around 1.6850 area that will be hard to break above. However, broad-based USD weakness supports the interest to the pound, and the further move up is still not ruled out. If so, the next target on the way higher is at 1.6878 resistance level.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6778, with support below at 1.6738, 1.6678, 1.6638 with resistance above at 1.6838, 1.6878, and 1.6938. Hourly Moving Averages are bullish, with the 200SMA at 1.6723, and the daily 20EMA bullish at 1.6681. Hourly RSI is bullish at 80.