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GBP/USD shows attempts to recover for the second day in a row

FXStreet (Moscow) - GBP/USD opened the day at 1.6359, and kept moving up on USD weakness in Asia, reaching 1.6389 session high, before slight retreat to 1.6370 area in early Europe.

No volatility for the pound

The pair is showing shy attempts to rise the second day in a row on practically empty calendar. The scheduled for release Public Finance data out of the UK today is practically the only British report this week worth considering. However, even this release hardly will trigger any heightened volatility in the market. The lack of news can be damaging for the pound as the market seeks for new food for thought, and currently the balance is still tilting in favor of the stronger USD. The pair has neared strong resistance around 1.6392, and it may become a short-term barrier on the way higher.

What are today’s key GBP/USD levels?

Today's central pivot point can be found at 1.6340, with support below at 1.6310, 1.6258, and 1.6228, with resistance above at 1.6392, 1.6422, and 1.6474. Hourly Moving Averages are bullish, with the 200SMA bullish at 1.6287, and the daily 20EMA bearish at 1.6378. Hourly RSI is bullish at 62.

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