10 Oct 2013
GBP/USD levelling out ahead of BoE?
FXstreet.com (London) - GBP/USD has climbed to first level of resistance from the decent earlier in todays session ahead f the BoE tomorrow.
Research teams at TD Securities said, “The BoE tomorrow should be a non-event with no change to the policy rate or the asset purchase program…the one clear risk is that this is the month they decide to start releasing their monthly statements leaving some potential for GBP shock”.
GBP/USD Levels
The 20 DMA is 1.6037, the 50 DMA is 1.5728 and the 200 DMA is 1.5480. RSI (14) reads 20. Spot for reference is currently 1.5954. Resistances are 1.5980, 1.5999, 1.6006, 1.6112, 1.6135 and 1.6179.
Research teams at TD Securities said, “The BoE tomorrow should be a non-event with no change to the policy rate or the asset purchase program…the one clear risk is that this is the month they decide to start releasing their monthly statements leaving some potential for GBP shock”.
GBP/USD Levels
The 20 DMA is 1.6037, the 50 DMA is 1.5728 and the 200 DMA is 1.5480. RSI (14) reads 20. Spot for reference is currently 1.5954. Resistances are 1.5980, 1.5999, 1.6006, 1.6112, 1.6135 and 1.6179.