GBP/USD is trying to tear the ties with 1.68

By FXstreet.com | June 09, 2014 AAA

FXStreet (Moscow) - GBP/USD opened the day at 1.6798, and calmly ticked higher reaching 1.6813 in the morning, but losing around 10 pips by the moment.

The only star



The pound is practically the only hope for us today, as UK releases industrial production data, and the report has the potential to trigger some reaction. The numbers are expected to show the rise after the previous month weakness, thus, really strong levels are needed in order to excite the cable bulls. In this scenario the pair may rush higher with initial target at 1.6829 resistance level, and if the level is broken it may pave the way to the next resistance at 1.6856.



What are today’s key GBP/USD levels?



Today's central pivot point can be found at 1.6807, with support below at 1.6780, 1.6758, 1.6731 with resistance above at 1.6829, 1.6856, and 1.6878. Hourly Moving Averages are bullish, with the 200SMA at 1.6759, and the daily 20EMA flat at 1.6795. Hourly RSI is bullish at 53.



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