Back
4 Jun 2014
GBP/USD is not that excited by the positive PMI
FXStreet (Moscow) - GBP/USD was stubbornly moving to 1.67 area, reaching 1.6697 session low before the release, and posting 1.6727 right after.
Pound got the excitement
The last but not the lease PMI report out of three scheduled for release today came out above expectations, supporting the broad notion of the British economy gathering pace. The index was 58.6 against 58.2 expected, thus helping the pair resume the rise and reach 1.6730 area post data. However, the move higher is going on very slowly, thus, the chances of another come back to 1l.67 area are still there.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6754, with support below at 1.6726, 1.6702, 1.6674 with resistance above at 1.6778, 1.6806, and 1.6830. Hourly Moving Averages are bearish, with the 200SMA at 1.6780, and the daily 20EMA bearish at 1.6798. Hourly RSI is bearish at 32.
Pound got the excitement
The last but not the lease PMI report out of three scheduled for release today came out above expectations, supporting the broad notion of the British economy gathering pace. The index was 58.6 against 58.2 expected, thus helping the pair resume the rise and reach 1.6730 area post data. However, the move higher is going on very slowly, thus, the chances of another come back to 1l.67 area are still there.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6754, with support below at 1.6726, 1.6702, 1.6674 with resistance above at 1.6778, 1.6806, and 1.6830. Hourly Moving Averages are bearish, with the 200SMA at 1.6780, and the daily 20EMA bearish at 1.6798. Hourly RSI is bearish at 32.