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GBP/USD stays close to Asian low at 1.6315

FXStreet (Moscow) - GBP/USD started the Asian session at 1.6340 and mellowed towards current low at 1.6315; the pair is vulnerable to further losses ahead of European opening.

On the back foot again

GBP/USD is back below 1.6400 pivot as the euphoria about Scottish «No» vote is fading away. Trader focus switches back to fundamentals and more pressing issues such as worsening economic indicators (the most recent one is lower than expected mortgage approvals). Ahead looks like a quiet UK calendar into the weekend. It means that GBP/USD could be sensitive to technical factors and general USD sentiments. Today markets will be focused on US Durable Orders repot that is expected to signal 18.0% decrease in August after 22.7% rise in July. While the swing is caused mainly by transportation orders, poor numbers might limit USD rise across the board. From the technical point of view, the shout-term support for GBP/USD is seen at 1.6300, it is followed by 1.6285. The resistance comes at 1.6340.

What are today’s key GBP/USD levels?

Today's central pivot point can be found at 1.6360, with support below at 1.6307, 1.6273 and 1.6220 with resistance above at 1.6394, 1.6447 and 1.6481. Hourly Moving Averages are mixed, with the 200SMA bullish at 1.6321, and the daily 20EMA flat at 1.6375. Hourly RSI is bearish at 35.

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