4 Sep 2013
GBP/USD capped at 1.5649
FXstreet.com (London) - GBP/USD has made good ground from 1.5560 region of yesterdays session and has broken up on two sets of spikes from 1.5580 and around the figure 1.5600.
GBP/USD has been capped at 1.5649, attracting offers on the second attempt through 1.5620 resistance. The pair is going to be supported by the continued strong data performances from the UK while in the US, at the end of the week, the US payrolls will be make or break for September tapering, according to Cristian Maggio, Senior Emerging Markets Strategist, Rates and FX Research at TD Securities. “…with 100k being the key threshold,”
GBP/USD RSI above 70
The 20 DMA is 1.5554, the 50 DMA is 1.5346 and the 200 DMA is 1.5502. RSI (14) reads 72.85 while supports are ascending from 1.5427 1.5462 1.5475 1.5507 1.5562 1.5612/20. Spot is currently 1.5645 and next resistances are 1.5674 and 1.5696
GBP/USD has been capped at 1.5649, attracting offers on the second attempt through 1.5620 resistance. The pair is going to be supported by the continued strong data performances from the UK while in the US, at the end of the week, the US payrolls will be make or break for September tapering, according to Cristian Maggio, Senior Emerging Markets Strategist, Rates and FX Research at TD Securities. “…with 100k being the key threshold,”
GBP/USD RSI above 70
The 20 DMA is 1.5554, the 50 DMA is 1.5346 and the 200 DMA is 1.5502. RSI (14) reads 72.85 while supports are ascending from 1.5427 1.5462 1.5475 1.5507 1.5562 1.5612/20. Spot is currently 1.5645 and next resistances are 1.5674 and 1.5696