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27 May 2014
GBP/USD скфцдув to the resistance of 1.6880
FXStreet (Moscow) - GBP/USD is on the upside as the pair opened at 1.6844 and probed the current high at 1.6881
GBP/USD may focus on BBA
Although the economic calendar is not so fantastic this week, the market will find what to focus on. The UK releases BBA mortgage approvals today, and the indicator is quite interesting given the fact it has fallen in each of the past two months, although it has been in uptrend since early 2013. New Mortgage Market Review rules may bring another reduction of the approvals this time, however, any positive surprises may fuel the demand on the pound as the market is very sensitive to the housing market health. The initial target to the upside may lie at 1.6880 resistance level, while the downside may be limited by 1.6848.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6841, with support below at 1.6827, 1.6813, and 1.6799 with resistance above at 1.6855, 1.6869, and 1.6883. Hourly Moving Averages are mixed, with the 200SMA at 1.6831, and the daily 20EMA flat at 1.6837. Hourly RSI is bearish at 69.
GBP/USD may focus on BBA
Although the economic calendar is not so fantastic this week, the market will find what to focus on. The UK releases BBA mortgage approvals today, and the indicator is quite interesting given the fact it has fallen in each of the past two months, although it has been in uptrend since early 2013. New Mortgage Market Review rules may bring another reduction of the approvals this time, however, any positive surprises may fuel the demand on the pound as the market is very sensitive to the housing market health. The initial target to the upside may lie at 1.6880 resistance level, while the downside may be limited by 1.6848.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6841, with support below at 1.6827, 1.6813, and 1.6799 with resistance above at 1.6855, 1.6869, and 1.6883. Hourly Moving Averages are mixed, with the 200SMA at 1.6831, and the daily 20EMA flat at 1.6837. Hourly RSI is bearish at 69.