18 Jun 2014
GBP/USD is unimpressed by the BOE minutes
FXStreet (Moscow) - GBP/USD kept silence around 1.6970 before the minutes release, and moved to 1.7001 high right after, but was unable to keep profits, and slid back to 1.6970 at the moment.
MPC camp as it is
The released today minutes became one of the most important in a year or two, as markets anticipated some new developments in doves and hawks camps. Given the recent comments of Carney on strong economic recovery, his aggressive stance was priced in by the investors, and the markets were focused on views of other members. Thus, the when the released minutes showed the unanimous vote for unchanged monetary policy the pair moved to 1.6970 area from initial high at 1.7001.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6964, with support below at 1.6937, 1.6912, 1.6885 with resistance above at 1.6989, 1.7016, and 1.7041. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6863, and the daily 20EMA bullish at 1.6848. Hourly RSI is bearish at 46.
MPC camp as it is
The released today minutes became one of the most important in a year or two, as markets anticipated some new developments in doves and hawks camps. Given the recent comments of Carney on strong economic recovery, his aggressive stance was priced in by the investors, and the markets were focused on views of other members. Thus, the when the released minutes showed the unanimous vote for unchanged monetary policy the pair moved to 1.6970 area from initial high at 1.7001.
What are today’s key GBP/USD levels?
Today's central pivot point can be found at 1.6964, with support below at 1.6937, 1.6912, 1.6885 with resistance above at 1.6989, 1.7016, and 1.7041. Hourly Moving Averages are largely bullish, with the 200SMA at 1.6863, and the daily 20EMA bullish at 1.6848. Hourly RSI is bearish at 46.