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Forex pairs in this Article » GBP/USD, EUR/GBP (Moscow) - After big losses of last Friday EUR/GBP stuck around 0.8240 area, where is consolidating at the moment.

EUR/GBP may see a rebound

The pair got slashed upon the release of last Friday UK retail sales reaching the levels seen on January, 9. Nevertheless, the support level at 0.8204 is not that easy to break below, thus we may see some rebound in short-term with the initial target at 0.8273 where the central pivot point forms minor resistance.

What are today’s key EUR/GBP levels?

Today's central pivot point can be found at 0.8273 with support below at 0.8204 (S1), 0.8165 (S2) and 0.8096 (S3), with resistance above at 0.8312 (R1), 0.8381 (R2), and 0.8420 (R3). Hourly Moving Averages are bearish, with the 200SMA at 0.8296 and the daily 20EMA flat at 0.8314. Hourly RSI is neutral at 27.
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