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25 Feb 2014
GBP/USD still have potential to move higher
FXStreet (Moscow) - GBP/USD slowly climbs up from 1.6653 at the start to 1.6674 at the moment.
Vodafone deal is still in the air
Despite the rumors on big buy order on the pound, we still haven't seen a sustained move higher. The talk on Vodafone-Verizon deal, and looming demand for GBP still in the air, and it means the investors will enter the market every time they see GBP at lows. The scheduled for release CBI Realized Sales and BBA Mortgage Approvals may add to the British picture of economic activity. If the indicators rise above expectations, it may support mild demand on the cable with initial target at 1.6696 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 1.6599, 1.6543 and 1.6502, with resistance above at 1.6696, 1.6737, and 1.6793. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6675, and the daily 20EMA bullish at 1.6569. Hourly RSI is neutral at 54.
Vodafone deal is still in the air
Despite the rumors on big buy order on the pound, we still haven't seen a sustained move higher. The talk on Vodafone-Verizon deal, and looming demand for GBP still in the air, and it means the investors will enter the market every time they see GBP at lows. The scheduled for release CBI Realized Sales and BBA Mortgage Approvals may add to the British picture of economic activity. If the indicators rise above expectations, it may support mild demand on the cable with initial target at 1.6696 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 1.6599, 1.6543 and 1.6502, with resistance above at 1.6696, 1.6737, and 1.6793. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6675, and the daily 20EMA bullish at 1.6569. Hourly RSI is neutral at 54.