Please select Into the mobile phone version | Continue to access the computer ver.

Discuz! Board

 Forgot Password
 Register now
Hot Search: Activity Personals discuz
View: 25|Reply: 0

GBP/USD fails to hold above 1.3000, back to square one

[Copy Link]








Rank: 9Rank: 9Rank: 9

Posted at 2016-9-23 13:10:35 | All floors |Read mode
The pound attempted to stage a comeback against the dollar on Wednesday and managed to briefly rise back above the 1.3000 level, but sellers quickly stepped in.
GBP/USD revisited monthly lows during the European session but the 1.2945 proved to be a tough support. From there the pair moved higher, but the upside was capped by 1.3011. At time of writing, Cable was trading ay 1.2985, virtually unchanged on the day.
Investors seem reluctant to take big positions ahead of the FOMC statement at 18:00 GMT today. Expectations of a rate hike are from slim to nonexistent, but Fed’s wording will be closely scrutinized.
GBP/USD technical levels
As for technical levels, immediate supports are seen at 1.2945 (Sep 20 & 21 low), 1.2900 (psychological level), 1.2864 (Aug 15 low) and 1.2796 (Jul 6 low). On the other hand, next resistances could be found at 1.3064 (Sep 20 high), 1.3090 (Sep 19 high) and 1.3156 (50-day SMA).

Use props Report

You need to log in before you can reply Login | Register now

This forum Credits Rules

Archiver|Mobile ver.|Darkroom|Comsenz Inc.

GMT+8, 2020-2-18 15:18 , Processed in 0.124999 second(s), 21 queries .

Powered by Discuz! X3 English ver.

© 2001-2013 Comsenz Inc.

Quick Reply Back to top Back to list