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17 Mar 2014
GBP/USD is hesitating around 1.6640
FXStreet (Moscow) - GBP/USD is trading at 1.6640 hesitating to go higher, but too strong to fall.
GBP/USD may get depressed by M&A flows
While the euro feels unstable, and showed mild sell-off at European open, the pound is showing some resilience trading close to 1.6650 resistance area. Nevertheless, the potential break through the mentioned area is going to be a challenge given the negative M&A flows that may trigger the Vodafone’s deal considering Spain's Ono buying. The transaction of 6 bln sterling worth, thus, we don’t rule out the short-term dive of the pair back to 1.6608 area of support.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6630, with support below at 1.6608, 1.6565 and 1.6543 with resistance above at 1.6673, 1.6695, and 1.6738. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.6668, and the daily 20EMA flat at 1.6641. Hourly RSI is neutral at 41.
GBP/USD may get depressed by M&A flows
While the euro feels unstable, and showed mild sell-off at European open, the pound is showing some resilience trading close to 1.6650 resistance area. Nevertheless, the potential break through the mentioned area is going to be a challenge given the negative M&A flows that may trigger the Vodafone’s deal considering Spain's Ono buying. The transaction of 6 bln sterling worth, thus, we don’t rule out the short-term dive of the pair back to 1.6608 area of support.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6630, with support below at 1.6608, 1.6565 and 1.6543 with resistance above at 1.6673, 1.6695, and 1.6738. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.6668, and the daily 20EMA flat at 1.6641. Hourly RSI is neutral at 41.