OctaFX | OctaFX Forex Broker
Open trading account

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.

EUR/GBP rebounds from 2-year lows

EUR/GBP shows some attempts to rebound from 2-year low at 0.7808, currently nearing 0.7840 area.
Read more Previous

USD/JPY bullish above 106.08 – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, sees the bid tone to continue in the pair above the 106.08 level...
Read more Next
Start livechat