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19 Sep 2014
GBP/USD slid below 1.64... again
FXStreet (Moscow) - GBP/USD made a swift move below 1.64, currently trading at 1.6370 without particular reason.
When referendum is over
The pair had problems in Asia settling above 1.65. It spent there just a couple of hours, and slid to 1.6460 area on news about some Scottish towns voting for independence. Now, the downward movement resumed with new strength sending the pair below 1.64 to current 1.6370 area. And we wonder, if there are any news from Scotland we don’t know about. Probably, it was a reaction to general referendum results showing is was a close call, and almost 45% of the Scotts are not happy staying the part of the UK.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6456, with support below at 1.6351, 1.6293, and 1.6188, with resistance above at 1.6514, and 1.6619. Hourly Moving Averages are bullish, with the 200SMA at 1.6236, and the daily 20EMA bearish at 1.6389. Hourly RSI is bullish at 60.
When referendum is over
The pair had problems in Asia settling above 1.65. It spent there just a couple of hours, and slid to 1.6460 area on news about some Scottish towns voting for independence. Now, the downward movement resumed with new strength sending the pair below 1.64 to current 1.6370 area. And we wonder, if there are any news from Scotland we don’t know about. Probably, it was a reaction to general referendum results showing is was a close call, and almost 45% of the Scotts are not happy staying the part of the UK.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6456, with support below at 1.6351, 1.6293, and 1.6188, with resistance above at 1.6514, and 1.6619. Hourly Moving Averages are bullish, with the 200SMA at 1.6236, and the daily 20EMA bearish at 1.6389. Hourly RSI is bullish at 60.