18 Sep 2013
GBP/USD made new highs, 1.6166
FXstreet.com (London) - GBP/USD has started to attract offers in the market having reached a high of 1.6166 post Bernanke’s press conference on a dovish FOMC and FED.
GBP/USD is 1.6141 at the time of writing on a very soft dollar while global markets digest what Bernanke said. There will be low rates for at least two more years and there will be NO tapering in his term at least due to the housing sector and unemployment numbers keeping rates at a unusually low level’s. With the headwinds that the economy faces, he can’t see rates rising until 2016.
GBP/USD Levels, eyes for 1.6200
Supports are ascending from 1.5936 and 1.5963, 1.6000, 1.6060 and 1.6100. Spot is currently 1.6099 while resistances are 1.6165, 1.6180 and 1.6200’s for the April levels.
GBP/USD is 1.6141 at the time of writing on a very soft dollar while global markets digest what Bernanke said. There will be low rates for at least two more years and there will be NO tapering in his term at least due to the housing sector and unemployment numbers keeping rates at a unusually low level’s. With the headwinds that the economy faces, he can’t see rates rising until 2016.
GBP/USD Levels, eyes for 1.6200
Supports are ascending from 1.5936 and 1.5963, 1.6000, 1.6060 and 1.6100. Spot is currently 1.6099 while resistances are 1.6165, 1.6180 and 1.6200’s for the April levels.