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14 Feb 2014
GBP/USD may have big plans for new highs
FXStreet (Moscow) - GBP/USD shows mild retracement after such a long trip; now is trading at 1.6663.
Amazing run up may be not over
Despite the little pause it took in the morning, the pair may be still on its way to multi-year highs, and the recent Inflation Report will give the mid-term fundamental support to the pair. The revised higher by 0.5 per cent GDP numbers for 2014 is a good stimulus to break the current resistance around 1.6650 and rush higher with initial target at 1.6689 resistance level.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6640, with support below at 1.6606, 1.6667 and 1.6523, with resistance above at 1.6689, 1.6723, and 1.6772. Hourly Moving Averages are bullish, with the 200SMA at 1.6415, and the daily 20EMA bullish at 1.6463. Hourly RSI is neutral at 60.
Amazing run up may be not over
Despite the little pause it took in the morning, the pair may be still on its way to multi-year highs, and the recent Inflation Report will give the mid-term fundamental support to the pair. The revised higher by 0.5 per cent GDP numbers for 2014 is a good stimulus to break the current resistance around 1.6650 and rush higher with initial target at 1.6689 resistance level.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6640, with support below at 1.6606, 1.6667 and 1.6523, with resistance above at 1.6689, 1.6723, and 1.6772. Hourly Moving Averages are bullish, with the 200SMA at 1.6415, and the daily 20EMA bullish at 1.6463. Hourly RSI is neutral at 60.