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Forex pairs in this Article » GBP/USD
FXStreet (Moscow) - GBP/USD stumbled at 1.6425 and rebounded back to 1.6450 at the moment.

GBP/USD is waiting for sell-off

The initial attempt to dive below daily 20EMA failed as option expire interest is noted around 1.6425. Currently the pair is moving back to 1.6450, though to the upside we may see minor resistance at 1.6475 and 1.6485 where seller’s demand is noted. If scheduled for release Inflation Report from the BOE disappoints, we may see another sell-off, with high possibility of breaking below 1.64 paving the way to 1.6346 resistance.

What are today’s key GBP/USD levels?


Today's central pivot point can be found at 1.6444, with support below at 1.6399, 1.6346 and 1.6301, with resistance above at 1.6497, 1.6542, and 1.6595. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6375, and the daily 20EMA flat at 1.6427. Hourly RSI is neutral at 55.
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