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Forex pairs in this Article » GBP/USD
FXStreet (Moscow) - GBP/USD was not able to stay close to morning highs around 1.6430 sliding back to 1.64 area.

GBP/USD – take your opportunities

It looks like the pound has not gained enough confidence from markets even on back of US Dollar weakness. The chances the pair will stay under pressure during the trading day are quite high given the looming BOE Inflation Report. Even if we see broad-based sell-off of the USD during American session, the upside of the pair may be limited to 1.6452 resistance level, which may be an attractive level to enter the market with short right before the Wednesday’s release. The downside is limited to 1.6384 for a moment.

What are today’s key GBP/USD levels?

Today's central pivot point can be found at 1.6406, with support below at 1.6384, 1.6360 and 1.6338, with resistance above at 1.6430, 1.6452, and 1.6476. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6387, and the daily 20EMA flat at 1.6425. Hourly RSI is neutral at 63.
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