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3 Apr 2014
GBP/USD made the Asian trades on Carney comments
FXStreet (Moscow) - GBP/USD showed the most active Asian session in his life on Carney’s comments that sent the pair to 1.6649 session high from 1.6624 at the open.
The last, but not the least
Cable jumped higher on the news that BOE governor Carney said interest rates could increase ahead of the election. It hit the market with the pound reaching session high though later it dipped back toward 1.6620. Now we see another move higher, though hardly it will be sustained before the key events of the day. Today we will get the last out of three PMI’s from the UK during this week, but not the least…The index is expected to stay unchanged thus breaking a series of lower numbers seen from the last October. This report will be the key after the two previous disappointments out of the Manufacturing and Construction sectors. The data may become the last straw that will break the camel’s neck, if it comes out below expectations. If so, the pound may rush lower with initial target at 1.6609 support level.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6637, with support below at 1.6609, 1.6592, and 1.6564 with resistance above at 1.6654, 1.6682, and 1.6699. Hourly Moving Averages are largely flat, with the 200SMA at 1.6588, and the daily 20EMA bullish at 1.6605. Hourly RSI is neutral at 49.
The last, but not the least
Cable jumped higher on the news that BOE governor Carney said interest rates could increase ahead of the election. It hit the market with the pound reaching session high though later it dipped back toward 1.6620. Now we see another move higher, though hardly it will be sustained before the key events of the day. Today we will get the last out of three PMI’s from the UK during this week, but not the least…The index is expected to stay unchanged thus breaking a series of lower numbers seen from the last October. This report will be the key after the two previous disappointments out of the Manufacturing and Construction sectors. The data may become the last straw that will break the camel’s neck, if it comes out below expectations. If so, the pound may rush lower with initial target at 1.6609 support level.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6637, with support below at 1.6609, 1.6592, and 1.6564 with resistance above at 1.6654, 1.6682, and 1.6699. Hourly Moving Averages are largely flat, with the 200SMA at 1.6588, and the daily 20EMA bullish at 1.6605. Hourly RSI is neutral at 49.