FXStreet (Moscow) - GBP/USD opened the day at 1.6801, and after the Asian sleep started to rise reaching 1.6826 high.

In search for data

The recent BOE meeting left the market without any comments. However, there is growing confidence in the market that the MPC members rather sooner than later start to voice the need to tighten the monetary policy, and there is some slight chance that looming MPC minutes will show the views divergence. Thus, the market will be watching every new piece of data in attempt to forecast the MPC stance. The released this week labor market data may become the needed piece to the puzzle of the British economic picture. As for today, the upside may be limited by 1.6839 resistance, while the downside – by 1.6773 support level.

What are today’s key GBP/USD levels?

Today's central pivot point can be found at 1.6810, with support below at 1.6773, 1.6744, 1.6707 with resistance above at 1.6839, 1.6876, and 1.6905. Hourly Moving Averages are bullish, with the 200SMA at 1.6757, and the daily 20EMA flat at 1.6794. Hourly RSI is bullish at 53.

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Forex pairs in this Article » GBP/USD

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