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19 Aug 2013
GBP/USD dipping below 1.5640 support
FXstreet.com (London) - GBP/USD reached a high of 1.5675 earlier, but was capped there with offers taking the pair back to supporting line 1.5640 and currently a test into the 1.5630's.
“While it’s a quiet week for data globally, the FOMC minutes (due Wednesday), EZ PMIs (Thursday), and Jackson Hole Conference (starting Thursday) will be the highlight events of the week. For Jackson Hole, many of the key players will not be in attendance (Bernanke, Draghi, and Carney all sent their regrets), but there is nevertheless still the potential for some market-moving comments from the conference—perhaps an opportunity for policymakers to push back on the move higher in rates”, said research teams at TD Securities.
GBP/USD steady
GBP/USD is keeping to a tight range today with the 20 dma at 1.5396, a d the 50 dma is 1.5347 and the 200 dma is 1.5523. RSI (9) reads 69.75. Supports are ascending from 1.5548, 1.5565, 1.5595, 1.5608. Spot is currently 1.5637 while resistances are 1.5680, 1.5709, 1.5723 and 1.5753.
“While it’s a quiet week for data globally, the FOMC minutes (due Wednesday), EZ PMIs (Thursday), and Jackson Hole Conference (starting Thursday) will be the highlight events of the week. For Jackson Hole, many of the key players will not be in attendance (Bernanke, Draghi, and Carney all sent their regrets), but there is nevertheless still the potential for some market-moving comments from the conference—perhaps an opportunity for policymakers to push back on the move higher in rates”, said research teams at TD Securities.
GBP/USD steady
GBP/USD is keeping to a tight range today with the 20 dma at 1.5396, a d the 50 dma is 1.5347 and the 200 dma is 1.5523. RSI (9) reads 69.75. Supports are ascending from 1.5548, 1.5565, 1.5595, 1.5608. Spot is currently 1.5637 while resistances are 1.5680, 1.5709, 1.5723 and 1.5753.