5 Sep 2013
GBP/USD testing 1.5600 handle
FXstreet.com (London) - GBP/USD is drifting back to the 1.5600 handle after dropping 80 pips throughout Europe and being accelerated in the NA shift.
Attention will be turning towards the US payrolls and will be make or break for September tapering, according to Cristian Maggio, Senior Emerging Markets Strategist, Rates and FX Research at TD Securities, effecting the cross. “…with 100k being the key threshold.”
GBP/USD levels
The 20 DMA 1.5561, 50 DMA 1.5352 and the 200 DMA is 1.5500. RSI (14) reads 40.33. Supports are ascending from 1.5507, 1.5522 and 1.5556. Spot is currently 1.5593 while resistances are 1.5600, 1.5623, 1.5674, 1.5696, 1.5718 and 1.5753.
Attention will be turning towards the US payrolls and will be make or break for September tapering, according to Cristian Maggio, Senior Emerging Markets Strategist, Rates and FX Research at TD Securities, effecting the cross. “…with 100k being the key threshold.”
GBP/USD levels
The 20 DMA 1.5561, 50 DMA 1.5352 and the 200 DMA is 1.5500. RSI (14) reads 40.33. Supports are ascending from 1.5507, 1.5522 and 1.5556. Spot is currently 1.5593 while resistances are 1.5600, 1.5623, 1.5674, 1.5696, 1.5718 and 1.5753.