Yesterday, the GBP/USD pair fell and broke through its support at 1.5030. The pair decreased as low as 1.4975 which is first time since July 2013. The pair reacted on the introduction of the massive bod-buying program which depreciated euro and negatively affected British Pound. On the other hand, dollar benefited from such a news as Fed is expected to release hawkish statement next week. Today, keep an eye on the U.K. Retail Sales data which will be released at 9.30AM (GMT). The movement is sideways. The support line is found at 1.4970 and resistance line at 1.5060.
January 23, 2015 – Forex News
Yesterday, the GBP/USD pair fell and broke through its support at 1.5030. The pair decreased as low as 1.4975 which is first time since July 2013. The pair reacted on the introduction of the massive bod-buying program which depreciated euro and negatively affected British Pound. On the other hand, dollar benefited from such a news as Fed is expected to release hawkish statement next week. Today, keep an eye on the U.K. Retail Sales data which will be released at 9.30AM (GMT). The movement is sideways. The support line is found at 1.4970 and resistance line at 1.5060.
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