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GBP/USD faces strong resistance at 1.5322 – OCBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - In the opinion of Emmanuel Ng, FX Strategist at OCBC Bank, the pair could face a tough barrier around 1.5320.

    Key Quotes

    “Note that the GBP may remain a relative underperformer relative to the cyclicals ahead of the BOE MPC tomorrow given that hawkish BOE expectations have taken a slight hit in recent sessions”.

    “In the interim, expect the 200-day MA (1.5322) to block with 1.5100 seen supporting on the downside”.
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