9 Dec 2013
GBP/USD, consolidated 1.6370/90 and awaiting Carney
FXstreet.com (London) - GBP/USD is holding onto territory in the higher end of the 1.63 handle after opening this weeks session with a gap on the charts towards 1.6400.
GBP/USD is consolidated currently between 1.6370 and 1.6390 without there being any data releases. However, while the dollar is starting on a softer tone this week, the pair can take advantage of that while waiting for a speech to be made by BoE Governor Carney coming up later on today. This speech is particularly of interest because it this will be his first full speech since the BoE improved its growth outlook in the November inflation report. There are a number of Fed speakers today as well this afternoon so this may also have some effect on the dollar.
GBP/USD Levels
The 20 DMA is 1.6203, the 50 DMA is 1.6129 and the 200 DMA is 1.5570. RSI (14) reads 59.32. Supports are ascending from 1.6255, 1.6277, 1.6294, 1.6318, 1.6338. Spot is currently 1.6374 while resistances are 1.6403, 1.6443 and 1.6475.
GBP/USD is consolidated currently between 1.6370 and 1.6390 without there being any data releases. However, while the dollar is starting on a softer tone this week, the pair can take advantage of that while waiting for a speech to be made by BoE Governor Carney coming up later on today. This speech is particularly of interest because it this will be his first full speech since the BoE improved its growth outlook in the November inflation report. There are a number of Fed speakers today as well this afternoon so this may also have some effect on the dollar.
GBP/USD Levels
The 20 DMA is 1.6203, the 50 DMA is 1.6129 and the 200 DMA is 1.5570. RSI (14) reads 59.32. Supports are ascending from 1.6255, 1.6277, 1.6294, 1.6318, 1.6338. Spot is currently 1.6374 while resistances are 1.6403, 1.6443 and 1.6475.