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GBP/USD found a bottom around 1.6560

FXStreet (Moscow) - GBP/USD kept sliding during the Asian session posting new 4.5-month low at 1.6562; it’s trading at 1.6580 area now.

Another attempt

The pound was not able to hold its post MPC minutes gains, as the FOMC minutes were hawkish as well. The pair slid way below 1.66 area approaching the April lows. However, today we may get another reason to buy the pound in case the scheduled for release UK Retail Sales come out above expectations. The positive outcome is not ruled out given the rising employment levels that could have supported the consumption in July. The initial target to the upside may lie at 1.6622 pivot point.

What are today’s key GBP/USD levels?

Today's central pivot point can be found at 1.6622, with support below at 1.6532, and 1.6474, with resistance above at 1.6654, 1.6712 and 1.6744. Hourly Moving Averages are bearish, with the 200SMA at 1.6709 and the daily 20EMA bearish at 1.6798. Hourly RSI is bearish at 28.

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