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9 Apr 2015
GBP/USD within range post-BoE
FXStreet (Edinburgh) - The pound kept the composure following the BoE meeting, with GBP/USD returning to levels above the 1.4800 handle.
GBP/USD bounces off 1.4760
After bottoming out in the 1.4760 area, GBP/USD managed to pick up pace and regain the 1.480o key level and advance to the current 1.4820/25 band. In addition, the BoE left its monetary policy unchanged once again, with the refi rate at 0.5% and the asset purchase facility at £375 billion.
GBP/USD levels to consider
At the moment the pair is losing 29% at 1.4823 facing the next support at 1.4740 (low Apr.1) followed by 1.4722 (low Mar.20) and then 1.4689 (low Mar.19). On the flip side, a breakout of 1.4854 (200-h MA) would aim for 1.4972 (high Apr.8) and finally 1.4981 (high Apr.6).
GBP/USD bounces off 1.4760
After bottoming out in the 1.4760 area, GBP/USD managed to pick up pace and regain the 1.480o key level and advance to the current 1.4820/25 band. In addition, the BoE left its monetary policy unchanged once again, with the refi rate at 0.5% and the asset purchase facility at £375 billion.
GBP/USD levels to consider
At the moment the pair is losing 29% at 1.4823 facing the next support at 1.4740 (low Apr.1) followed by 1.4722 (low Mar.20) and then 1.4689 (low Mar.19). On the flip side, a breakout of 1.4854 (200-h MA) would aim for 1.4972 (high Apr.8) and finally 1.4981 (high Apr.6).