Pound may decline to suspend
Pound closed in New York on Wednesday at $ 1.6594 after hitting a low of $ 1.6589 in reaction to the FOMC minute, which were seen as hawkish. Pound before the beginning of the day saw the highs at $ 1.6680 in reaction to the split in the vote MPC BOE (7-2) for the immutability rates, but could not keep the profits under the yoke of the downtrend. Euro / sterling fell below stg0.8000 on closing (stg0.7990), with the lows seen during the day on stg0.7969 in reaction to the MPC minutes. Pound back to $ 1.6600 in early Asia before the fresh demand for the dollar. The latter led to the fall and activated stop when passing through $ 1.6580. This extra weight has led lb to $ 1.6564. Course skorretkirovalsya to $ 1.6570 ahead of the European opening. Euro / sterling consolidated between stg0.7987 / 96, while the main driver for cross remains dollar speaker. Retail sales in the UK and the data on public borrowing will provide the domestic interest in 0830GMT on Thursday. This is preceded by preliminary PMI for the euro area from the HSBC / Markit. Next, we are waiting for the weekly jobless claims in the US, and then the PMI from HSBC / Markit US, the index of business activity FRB Philadelphia and sales of existing homes, while the focus goes to the speech of Fed Chairman Janet Yellen in Dzhekson Houl on Friday. Bida pound cost from $ 1.6565 before the option barrier at $ 1.6550. Resistance is at $ 1.6600.
Technical analysis on the GBP / USD
Impedance 4: $ 1.6757 - a minimum of 12 of August, now the resistance
Resistance 3: $ 1.6712 - the level of breakdown of August 19
Resistance 2: $ 1.6680 - the 200-day moving average
Resistance 1: $ 1.6600 - resistance to August 21 on the hourly chart
The current rate of the currency pair: $ 1.6584
Support 1: $ 1.6562 - the lower boundary of the channel Bollinger
Support 2: $ 1.6551 - a monthly minimum of 4 April
Support 3: $ 1.6466 - month low on March 24, 55-week moving average
Support for 4: $ 1.6384 - a minimum of 10 February
Comment: breakthrough with a close below the 200-day moving average did their job - we have reached new 4 - month lows, and bears firmly focused on the $ 1.6466-1.6551, where the March and April monthly lows. The key problem for the bears is oversold daily oscillators and the proximity of the base of Bollinger. Bulls need to look closing above the 200-day moving average, to ease bearish pressure, and above $ 1.6894 to resume uptrend.
Related posts
The pound will rise In recent weeks, the UK economy has demonstrated extreme stability and statistics gives a good performance. In late August, there...
EURUSD signals decline to 1 2040
EURUSD signals a decline to 1.2040 EURUSD pair opens up new horizons for the decline. Analyze Monthly, Weekly and Daily 4 1 hour schedule. Monthly graph:...
World - the world , pound - growth. The other day a couple GBP / USD showed a two-month at least against the backdrop of worsening geopolitical the...
Next posts
- Gold becomes cheaper when dollar
- WTI crude oil fell below $ 100
- Main difficulty in development
No comments:
Post a Comment