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17 Jun 2013
GBP/USD has taken out 1.5700 in this morning’s European session, reaching a high of 1.5731
FXstreet.com (London) - GBP/USD has taken out 1.5700 in this morning’s European session, reaching a high of 1.5731.
Today has been light on the calendar and there won’t be anything out later in which the market can assess until a raft of inflationary data and the Central bank meeting's later on in the week. Risks are likely remain to the upside this with this respect, as lower US inflation expectations leave a risk of the FOMC sounding more dovish and the market pricing a later date for QE tapering”, assessed Kasper Kirkegaard, Senior Analyst at Danske Bank.
GBP/USD technically challenged at 200d ma
Karen Jones, Senior analyst at Commerzbank had said that the GBP/USD still probes the 200 day moving average at 1.5698. They note the 13 count on the daily and the TD perfected set up and they suspect that we are now trading towards the end of the corrective move higher. She explains that a break below the 1.5490 June 7 low is needed to alleviate immediate upside pressure and signal a slide back to the 55 day moving average at 1.5352 en route to the base of the channel at 1.5044
Today has been light on the calendar and there won’t be anything out later in which the market can assess until a raft of inflationary data and the Central bank meeting's later on in the week. Risks are likely remain to the upside this with this respect, as lower US inflation expectations leave a risk of the FOMC sounding more dovish and the market pricing a later date for QE tapering”, assessed Kasper Kirkegaard, Senior Analyst at Danske Bank.
GBP/USD technically challenged at 200d ma
Karen Jones, Senior analyst at Commerzbank had said that the GBP/USD still probes the 200 day moving average at 1.5698. They note the 13 count on the daily and the TD perfected set up and they suspect that we are now trading towards the end of the corrective move higher. She explains that a break below the 1.5490 June 7 low is needed to alleviate immediate upside pressure and signal a slide back to the 55 day moving average at 1.5352 en route to the base of the channel at 1.5044