Back
27 Sep 2013
GBP/USD moves into the closing on a high
FXstreet.com (London) - GBP/USD is one of the best performers on a number of counts this week.
GBP/USD is trading at the highs in the 1.6140’s as we approach the closing for the week. The pair has climbed .65% so far today on the basis that US yields are down while BoE Governor Carney suggested that there was “no case” for more QE in the UK, pushing the GBP higher. Data has been less of an impact today while key turning points may come in next week with the labour reports form the US.
GBP/USD Levels
The 20 DMA is 1.5826, the 50 DMA is 1.5600 and the 200 DMA is 1.5481. RSI (14) reads 66.47 Supports are ascending from 1.5936, 1.5955, 1.5980, 1.5999, 1.6039, 1.6064 and 1.6096. Spot is currently 1.6141 and next resistance that is key comes as 1.6164 ahead of 1.6210 and 1.6320.
GBP/USD is trading at the highs in the 1.6140’s as we approach the closing for the week. The pair has climbed .65% so far today on the basis that US yields are down while BoE Governor Carney suggested that there was “no case” for more QE in the UK, pushing the GBP higher. Data has been less of an impact today while key turning points may come in next week with the labour reports form the US.
GBP/USD Levels
The 20 DMA is 1.5826, the 50 DMA is 1.5600 and the 200 DMA is 1.5481. RSI (14) reads 66.47 Supports are ascending from 1.5936, 1.5955, 1.5980, 1.5999, 1.6039, 1.6064 and 1.6096. Spot is currently 1.6141 and next resistance that is key comes as 1.6164 ahead of 1.6210 and 1.6320.