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Forex pairs in this Article » GBP/USD (London) - GBP/USD has climbed back towards the weekly highs for this year and has scored 1.6134 so far.

BoE Governor Carney suggested that there was “no case” for more QE in the UK, pushing the GBP higher. Meanwhile, the research teams at TD Securities noted GBP/USD could find some pressure with the 5s10s gilts curve falling back to its recent lows at around 119bp. “UK 10-year swap yields have also touched key support levels at 2.666% this morning, a significant level—a break of which would easily open up a move lower to 2.51%”.

GBP/USD Levels

The 20 DMA is 1.5826, the 50 DMA is 1.5600 and the 200 DMA is 1.5481. RSI (14) reads 68.03. Supports are ascending from 1.5936, 1.5955, 1.5980, 1.5999, 1.6039, 1.6064 and 1.6096. Spot is currently 1.6118 and next resistance that is key comes as 1.6164 ahead of 1.6210 and 1.6320.
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