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GBP/USD settled below 1.61 again

FXStreet (Moscow) - GBP/USD is drifting lower after failed attempt to break above 1.6125 in early Europe; it is trading at 1.6076.

The pound is under mild pressure since the early European session trading solely on technical factors, as there are no fundamental catalysts on the horizon. Large sellers’ interest was noted around 1.6125/30, as it stopped the pound rally, and pushed the currency back to current 1.6076. Large buyers’ interest is rumored around 1.6050, and this may become the short-term bottom for the pair on the back of empty economic calendar.

What are today’s key GBP/USD levels?

Today's central pivot point can be found at 1.6074, with support below at 1.6012, followed by 1.5946 and 1.5884 with resistance above at 1.6140, followed by 1.6202 and 1.6268. Hourly Moving Averages are bullish, with the 200SMA at 1.6109, and the daily 20EMA bearish at 1.6208. Hourly RSI is bearish at 47.

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