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GBP/USD dived below 1.63 on broad USD strength

FXStreet (Moscow) - GBP/USD opened the trades at 1.6338, and slowly drifted lower, until Europe came, and send the pair below 1.63; it is currently trading at 1.6280.

Carney to hint

The pound move lower intensified with the pair breaking below the round number at 1.63. There are no obvious reasons of the sell-off except the broad based USD strength. However, tonight the BOE Governor Carney is scheduled to speak at an insurance conference in Wales. Most probably he won’t focus on monetary policy, however, any comment on current British environment will be welcomed by the investors. Recently, the chairman hinted on the possibility of the first rate hike in the nearest spring. If there are some more positive hints from Carney this time, the market will take it as an opportunity to send the pound higher with initial target at 1.6360 pivot point.

What are today’s key GBP/USD levels?

Today's central pivot point can be found at 1.6360, with support below at 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 1.6322, and the daily 20EMA flat at 1.6375. Hourly RSI is bearish at 39.

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