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GBP/USD testing 1.6260 resistance

FXStreet (Moscow) - GBP/USD touched 1.6216 in early Europe, but was able to rebound to current levels at 1.6245.

Waiting for data

The pound has been testing 1.6260 resistance area for quite some time, but the lack of economic events leaves the pair without needed catalysts. Sellers’ interest rumored around 1.6260 and 1.6275/85 may work as a minor barrier on the way higher, while the bottom is defended by buyers around 1.6220. Although the European economic calendar is barren, the US Retail Sales scheduled for release during the American session may add some volatility to the pair.

What are today’s key GBP/USD levels?

Today's central pivot point can be found at 1.6237, with support below at 1.6203, 1.6152 and 1.6118 with resistance above at 1.6288, 1.6322, and 1.6373. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.6293, and the daily 20EMA bearish at 1.6449. Hourly RSI is bullish at 59.

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