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10 Sep 2014
Hush! GBP/USD showing first steps up
FXStreet (Moscow) - GBP/USD shows very shy steps up posting 1.6151 session high.
Scotland to blame
Yesterday’s quite hawkish comments from Carney on possible hike in Spring, and more optimistic economic data ahead, failed to trigger the recovery of the pound. If it were not for the Scottish saga, it would definitely start a broad-based rally of the pair. This entire behaviour means the pound may stay under pressure up until September, 18 referendum. However, if the No-voters number dominate, the surge of the pair may be impressive.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6108, with support below at 1.6057, 1.6009 and 1.5958 with resistance above at 1.6156, 1.6207, and 1.6255. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.6391, and the daily 20EMA bearish at 1.6497. Hourly RSI is bullish at 54.
Scotland to blame
Yesterday’s quite hawkish comments from Carney on possible hike in Spring, and more optimistic economic data ahead, failed to trigger the recovery of the pound. If it were not for the Scottish saga, it would definitely start a broad-based rally of the pair. This entire behaviour means the pound may stay under pressure up until September, 18 referendum. However, if the No-voters number dominate, the surge of the pair may be impressive.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6108, with support below at 1.6057, 1.6009 and 1.5958 with resistance above at 1.6156, 1.6207, and 1.6255. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.6391, and the daily 20EMA bearish at 1.6497. Hourly RSI is bullish at 54.