OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/USD pressing on 1.6260 ahead of key 1.6220

FXStreet (Guatemala) - GBP/USD is trading at 1.6258, down -0.10% on the day, having posted a daily high at 1.6282 and low at 1.6252.

GBP/USD has been on the offer throughout markets overnight, starting out at 1.6358 in Europe when better than expected UK employment figures were released, dropping to -37.2k in Aug vs -30k expected with a lower clamant count at 2.9%. However, traders are not committing themselves too heavily ahead of tomorrow’s polls in relation to the Scottish vote and volatility was lower across the FOMC compared to other currencies such as the Yen and Euro. Technically, Chief analysts at FXStreet, Valeria Bednarik explained that in the 4 hours chart indicators turned lower but also hold above their midlines, showing little bearish potential at the time being. “Pound should be a wait and see until early Friday, when the results of the mentioned referendum will see the light”.

GBP/USD support and resistance levels

Support levels: 1.6250 1.6220 1.6180

Resistance levels: 1.6315 1.6350 1.6385

USD to remain king of the board - ANZ

ANZ expects the USD to strengthen against most currencies going forward following the FOMC outcome.
Read more Previous

USD/JPY: Buy on pullbacks way to go - 2ndSkies

USDJPY has confirmed a massive breakout higher, notes Chris Capre, Founder at 2ndSkies Forex, adding that buy on pullbacks is the way to go for now.
Read more Next
Start livechat