28 Jun 2013
GBP/USD breaking 1.5200
FXstreet.com (London) - GBP/USD is moving into the London close breaking the1.5200 psychological level.
GBP/USD has gapped lower on the charts to find bids protecting 1.5200. Breaks lower opens up risk to 1.5000, while next week, we see a new governor for the BoE. Mark Carney will enter his position on Monday at 9am. Enhanced guidance may be the most significant near-term monetary policy innovation Mark Carney implements at the BoE - with the rises in yields in recent weeks giving it more scope to be effective, said Tomos Rhys Edwards
At BofA Merrill Lynch.
Karen Jones, analyst at Commerzbank, said they target the support line at 1.5079 and slightly longer term the 1.5009 May low and then the 1.4832 March low. Meanwhile, RSI is printing above 31 and no reversal is sighted ahead for the pair that is trending lower.
GBP/USD has gapped lower on the charts to find bids protecting 1.5200. Breaks lower opens up risk to 1.5000, while next week, we see a new governor for the BoE. Mark Carney will enter his position on Monday at 9am. Enhanced guidance may be the most significant near-term monetary policy innovation Mark Carney implements at the BoE - with the rises in yields in recent weeks giving it more scope to be effective, said Tomos Rhys Edwards
At BofA Merrill Lynch.
Karen Jones, analyst at Commerzbank, said they target the support line at 1.5079 and slightly longer term the 1.5009 May low and then the 1.4832 March low. Meanwhile, RSI is printing above 31 and no reversal is sighted ahead for the pair that is trending lower.