GBP/USD
GBP's weak performance on yesterday was mainly due to comments from BOE. BOE's governor said that they will look through CPI to support recovery but there r limits to what monetary policy can do. During QA session, it looks like BOE is now more concerned about growth and less worried about inflation targets.
At this time Support zone is around 1.5490 to 1.5500. Resistance zone is around 1.5700
Stick to your rules
Nice information Mr.uniquetrader keep in touch....
Originally posted by uniquetraderGBP's weak performance on yesterday was mainly due to comments from BOE. BOE's governor said that they will look through CPI to support recovery but there r limits to what monetary policy can do. During QA session, it looks like BOE is now more concerned about growth and less worried about inflation targets.
At this time Support zone is around 1.5490 to 1.5500. Resistance zone is around 1.5700
GBP/USD went down very quickly yesterday before release of retails sales data but recovered shortly after that. At this time short term trend is ranging and technical indicators r supporting longterm bearish trend.
Originally posted by uniquetraderGBP's weak performance on yesterday was mainly due to comments from BOE. BOE's governor said that they will look through CPI to support recovery but there r limits to what monetary policy can do. During QA session, it looks like BOE is now more concerned about growth and less worried about inflation targets.
At this time Support zone is around 1.5490 to 1.5500. Resistance zone is around 1.5700
I would love to see regular updates on this pair :).
Originally posted by ChampI would love to see regular updates on this pair :).
Sure. I will try to post my opinion on regular basis.
For today, technical indicators r showing strong bearish moves.
Stick to your rules