30 Oct 2013
GBP/USD drops on Fed
FXstreet.com (London) - GBP/USD has dropped 40 pips with a slightly more upbeat tone from the statement although keeping rates and QE on hold for the time being.
The Fed are waiting more evidence of the economy picking up as the fed hold off on tapering keeps 85b QE pace. More data is required, especially with the government shutdown blurring the picture.
GBP/USD Levels
The 20 DMA is 1.6090 the 50 DMA is 1.5916 and the 200 DMA is 1.5483. RSI (14) reads 44.08. Supports are ascending from 1.5894, 1.5940, 1.5980, 1.6018. spot is currently1.6037 while resistances are , 1.6059, 1.6080, 1.6105, 1.6130 and 1.6150.
The Fed are waiting more evidence of the economy picking up as the fed hold off on tapering keeps 85b QE pace. More data is required, especially with the government shutdown blurring the picture.
GBP/USD Levels
The 20 DMA is 1.6090 the 50 DMA is 1.5916 and the 200 DMA is 1.5483. RSI (14) reads 44.08. Supports are ascending from 1.5894, 1.5940, 1.5980, 1.6018. spot is currently1.6037 while resistances are , 1.6059, 1.6080, 1.6105, 1.6130 and 1.6150.