18 Sep 2013
GBP/USD continue on the bid towards 1.6100 territory on Bernanke
FXstreet.com (London) - GBP/USD is moving higher on a dovish tone from the FOMC and Bernake’s statements.
GBP/USD has breached 1.6100 on Bernanke’s dovish forward guidance. He says 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 cant 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 1.6120 while resistances are 1.6120, 1.6140, 1.6180 and 1.6200’s for the April levels.
GBP/USD has breached 1.6100 on Bernanke’s dovish forward guidance. He says 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 cant 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 1.6120 while resistances are 1.6120, 1.6140, 1.6180 and 1.6200’s for the April levels.