Forex: GBP/USD posting fresh highs as risk sharpens
Forex pairs in this Article »
GBP/USD
FXstreet.com (Barcelona) - The sterling is transiting the 1.5860/65 region on Tuesday, buoyed by the increasing risk appetite after the BoJ monetary policy gathering. Recall that the central bank set a new inflation target of 2% and an open-ended asset purchase programme, kicking in in January 2014
Light UK docket today, as the Public Sector Net Borrowing will be released (exp. £13 billion) and the CBI Industrial Trends Survey (exp. -11).
At the moment, the cross is up 0.18% at 1.5860, facing the next resistance at 1.5908 (MA200d) ahead of 1.5928 (Lower Bollinger) and then 1.6000 (psychological level).
On the flip side, a breach of 1.5828 (low Nov.15) would bring 1.5826 (low Sep.5) and then the psychological level at 1.5800
Light UK docket today, as the Public Sector Net Borrowing will be released (exp. £13 billion) and the CBI Industrial Trends Survey (exp. -11).
At the moment, the cross is up 0.18% at 1.5860, facing the next resistance at 1.5908 (MA200d) ahead of 1.5928 (Lower Bollinger) and then 1.6000 (psychological level).
On the flip side, a breach of 1.5828 (low Nov.15) would bring 1.5826 (low Sep.5) and then the psychological level at 1.5800
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