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28 Nov 2013
GBP/USD comfortable in 1.63 handle
FXstreet.com (London) - GBP/USD has made a decisive break above the 1.63 level.
The dollar is mostly weaker against other major currencies on the day and Sterling is comfortable in the 1.63 handle. Meanwhile, BBH strategists noted that BoE’s governor Carney announced the end of its mortgage support program, ironically just as the ECB appears to be discussing implementing a similar program. “The Funding for Lending Scheme will now be refocused on businesses instead of home loans. The BoE will also end the measure which relieved banks from their capital requirements against FLS mortgages”.
GBP/USD Levels
The 20 DMA is 1.6086, the 50 DMA is 1.6085 and the 200 DMA is 1.5528. RSI (14) reads 65.10. Supports are ascending from 1.6190, 1.6220, 1.6241, 1.6258 and 1.6303. Spot is 1.6350 while resistances are 1.6380, 1.6421 and 1.6455.
The dollar is mostly weaker against other major currencies on the day and Sterling is comfortable in the 1.63 handle. Meanwhile, BBH strategists noted that BoE’s governor Carney announced the end of its mortgage support program, ironically just as the ECB appears to be discussing implementing a similar program. “The Funding for Lending Scheme will now be refocused on businesses instead of home loans. The BoE will also end the measure which relieved banks from their capital requirements against FLS mortgages”.
GBP/USD Levels
The 20 DMA is 1.6086, the 50 DMA is 1.6085 and the 200 DMA is 1.5528. RSI (14) reads 65.10. Supports are ascending from 1.6190, 1.6220, 1.6241, 1.6258 and 1.6303. Spot is 1.6350 while resistances are 1.6380, 1.6421 and 1.6455.