18 Sep 2013
GBP/USD has found offers above 1.6100
FXstreet.com (London) - GBP/USD has started to attract offers in the market having reached a high of 1.6124 during Bernanke’s press conference on a dovish FOMC and FED.
GBP/USD is sub 1.6100 handle again after climbing from 1.5892 the low for the session while we await Asia to take over and lead the way and determine the tone for the rest of this week. Bernanke said there will be low rates for at least two more years and there will be NO tapering in his term at least due to the housing sector and unemployment numbers keeping rates at a unusually low level’s. With the headwinds that the economy faces, he can’t see rates rising until 2016.
GBP/USD Levels
Supports are ascending from 1.5936 and 1.5963, 1.6000, 1.6060 and 1.6100. Spot is currently 1.6099 while resistances are 1.6120, 1.6140, 1.6180 and 1.6200’s for the April levels.
GBP/USD is sub 1.6100 handle again after climbing from 1.5892 the low for the session while we await Asia to take over and lead the way and determine the tone for the rest of this week. Bernanke said there will be low rates for at least two more years and there will be NO tapering in his term at least due to the housing sector and unemployment numbers keeping rates at a unusually low level’s. With the headwinds that the economy faces, he can’t see rates rising until 2016.
GBP/USD Levels
Supports are ascending from 1.5936 and 1.5963, 1.6000, 1.6060 and 1.6100. Spot is currently 1.6099 while resistances are 1.6120, 1.6140, 1.6180 and 1.6200’s for the April levels.