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GBP/USD got killed by the BOE official

FXStreet (Moscow) - GBP/USD was quite optimistic from the day start, but recent comments from the BOE official pressured the pair lower to current 1.6030 area.

The pound made its best yesterday to recover above 1.60, and even refreshed Wednesday high, posting 1.6108 during Asian trades. The series of higher highs is already a good sign the pair is trying to come back to the recovery path. However, more positive data is needed to confirm the uptrend for the pound. And so far we only saw bad news again – the BOE chief economist Andy Haldane said during his recent speech that the current UK data favours a later interest rate hike. The comments sent the pound tumbling to 1.6028 session low, and if the move continues, the next target to the downside may be located at 1.5986.

What are today’s key GBP/USD levels?

Today's central pivot point can be found at 1.6043, with support below at 1.5986, followed by 1.5885 and 1.5828 with resistance above at 1.6144, followed by 1.6201 and 1.6302. Hourly Moving Averages are mixed, with the 200SMA bearish at 1.6054, and the daily 20EMA bearish at 1.6148. Hourly RSI is bearish at 48.

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