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GBP/USD - life above 1.62

FXStreet (Moscow) - GBP/USD opened the day at 1.6209, and dared to rise only to 1.6221 in early Europe, before retreating to 1.6210 area.

Pound rebound

As we expected yesterday, the comments from Carney, and new poll results did fuel the rebound of the pound. Not only did it manage to recover 150 pips during American session, but also it closed above 1.62. And this is very important given the oversold nature of the pair, strong fundamentals, and recent more aggressive rhetoric from the BOE’s Carney. As soon as the market believes the Scotland issue is over, the investors flock back to the pound, and the nearest target to the upside may be found at 1.6277 resistance.

What are today’s key GBP/USD levels?

Today's central pivot point can be found at 1.6165, with support below at 1.6098, 1.5986 and 1.5919 with resistance above at 1.6277, 1.6344, and 1.6456. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.6340, and the daily 20EMA bearish at 1.6470. Hourly RSI is bullish at 60.

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