Back
16 May 2014
GBP/USD tiptoed above 1.68
FXStreet (Moscow) - GBP/USD is trading at 1.6802, up 0.08% on the day, having posted a daily high at 1.6810 and low at 1.6784.
Slowly, but steady
While the Europe is sleeping, the pound tiptoed above 1.68, and is looking for positioning above the mentioned level. Although the economic calendar is practically empty, we still may see some moves based on profit-taking before the weekend.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 63.37, up from 58.83 at the last hour close, while ADX is ranging at 25.64, up from 14.08 previous. Meanwhile, daily RSI is in neutral territory at 47.81. On the hourly GBP/USD chart, the 200 SMA is declining and currently at 1.6782, down from the previous hour close at 1.6877. On average, the exponential closing price for the past 20 days is 1.6828, with the trend indicating a continuation lower ahead.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6776, with support below at 1.6745, 1.6699, 1.6668 with resistance above at 1.6822, 1.6853, and 1.6899. Hourly Moving Averages are largely bearish, with the 200SMA at 1.6878, and the daily 20EMA bearish at 1.6828. Hourly RSI is bullish at 55.
Slowly, but steady
While the Europe is sleeping, the pound tiptoed above 1.68, and is looking for positioning above the mentioned level. Although the economic calendar is practically empty, we still may see some moves based on profit-taking before the weekend.
The hourly FXStreet OB/OS Index is showing neutral conditions, alongside the FXStreet Trend Index which is slightly bullish. At the time of writing, RSI is neutral at 63.37, up from 58.83 at the last hour close, while ADX is ranging at 25.64, up from 14.08 previous. Meanwhile, daily RSI is in neutral territory at 47.81. On the hourly GBP/USD chart, the 200 SMA is declining and currently at 1.6782, down from the previous hour close at 1.6877. On average, the exponential closing price for the past 20 days is 1.6828, with the trend indicating a continuation lower ahead.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6776, with support below at 1.6745, 1.6699, 1.6668 with resistance above at 1.6822, 1.6853, and 1.6899. Hourly Moving Averages are largely bearish, with the 200SMA at 1.6878, and the daily 20EMA bearish at 1.6828. Hourly RSI is bullish at 55.