Filed Under:
Forex pairs in this Article » GBP/USD (London) - GBP/USD dips below 1.6000 have been brief and the pair is attempting to hold in the 1.6000 handle again.

GBP/USD has been a subdued session for today without any data on the cards. 1.6100 is a target that may have profit takers lined up while stops on the bid could well be found in the 1.5980 territory for a break lower to test the recent lows of 1.5955. Meanwhile, there has been a series of speeches going on by FOMC officials and Derek Halpenny, Strategist at Bank of Tokyo Mitsubishi UFJ commented, “In what is a busy week of speeches by FOMC officials, yesterday we had Lockhart and Dudley talk dovishly emphasising the need to focus on lifting growth. Dudley arguing that the Fed needed to “forcefully” push against headwinds – perhaps a reference to the negative fiscal drag and debt-ceiling uncertainties”.

GBP/USD Levels

The 20 DMA is 1.5773, the 50 DMA is 1.5567 and the 200 DMA is 1.5483. RSI (14) reads 48.32. Supports are ascending from 1.5886, 1.5936, 1.5960 and 1.5986. Resistances are 1.6036, 1.6072 1.6099, 1.6164 and 1.6182.
comments powered by Disqus