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Forex pairs in this Article » GBP/USD (Barcelona) - Having posted an overnight low at 1.6324, GBP/USD has climbed into the European session to post a high at 1.6373, just above where spot is presently trading at 1.6360.

GBP/USD pushes above near term trend line

Today has empty economic calendar for GBP/USD, with Chicago Fed National Activity, Personal Income MoM, Personal Consumption & Spending data at 13:30 GMT, and the Reuters/Michigan Consumer Sentiment Index at 14:55 GMT as the only relevant points of reference today. Despite the lack of movement across the FX Board, GBP/USD’s climb sees it push its head above a near term down trend line from the December 18 high at 1.6484.

What are today’s key GBP/USD levels?

Hourly RSI is neutral at 50, alongside ADX at 17. The hourly 200 SMA sits at 1.6347 and sloping higher, alongside the 20D EMA at 1.6310. The daily pivot point sits at 1.6351, which presently doubles up as first support. Below S1 is at 1.6306, with resistance above at 1.6287 (R1), before the psychological 1.6400.
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