Forex: GBP/USD finds bids at 1.6010
Forex pairs in this Article »
GBP/USD
FXstreet.com (Barcelona) - After bottoming in the region of 1.6010, the sterling has managed to gather some traction and leave behind the session lows and trade back to the 1.6060 area as of writing.
Moving forward to the next week, the UK docket seems very interesting as the Trade Balance figures will be published on Wednesday preceding Thursday's BoE monetary policy meeting, as the most significant event. In a minor degree of relevance, Friday will also see the Industrial and Manufacturing Production in the British economy.
At the moment, GBPUSD is down 0.28% at 1.6060 facing the next support at 1.6012 (Lower Bollinger) ahead of 1.6002 (low Dec.7) and then 1.5988 (low Nov.30).
On the flip side, a breakout of 1.6159 (MA21d) ahead of 1.6255 (high Jan.3) and then 1.6298 (Upper Bollinger).
Moving forward to the next week, the UK docket seems very interesting as the Trade Balance figures will be published on Wednesday preceding Thursday's BoE monetary policy meeting, as the most significant event. In a minor degree of relevance, Friday will also see the Industrial and Manufacturing Production in the British economy.
At the moment, GBPUSD is down 0.28% at 1.6060 facing the next support at 1.6012 (Lower Bollinger) ahead of 1.6002 (low Dec.7) and then 1.5988 (low Nov.30).
On the flip side, a breakout of 1.6159 (MA21d) ahead of 1.6255 (high Jan.3) and then 1.6298 (Upper Bollinger).
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