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GBP/USD licks its wounds around 1.6155 after failed breakout

FXStreet (Moscow) - GBP/USD crashed into area of resistance around 1.6180, and had to retreat to current 1.6155.

The pair is not strong enough to break above sellers’ offers around 1.6180/85 area. Besides. rising EUR/GBP put the pound under additional pressure. However, the initial buyers’ interest is noted around 1.6150, and it may become a good support level for the pair to resume the rise again. The economic calendar is practically empty for today, with only US Existing Home Sales on the docket. Hardly this second-tier data may trigger any movements in the market.

What are today’s key GBP/USD levels?

Today's central pivot point can be found at 1.6141, with support below at 1.6102, followed by 1.6041 and 1.6002 with resistance above at 1.6202, followed by 1.6241 and 1.6302. Hourly Moving Averages are bullish, with the 200SMA at 1.6066, and the daily 20EMA flat at 1.6145. Hourly RSI is bullish at 57.

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