On Thursday, the GBP/USD pair stopped the slight bullish movement and started to move sideways. The pair moved between 1.5145 and 1.5270 which was quite narrow channel considering the surprising act of Swiss bank. Today, we should expect lower volatility which may picked up around 1.30PM (GMT) when the U.S. CPI data will be posted. Due to the fact that the movement is sideways, we should pay attention to a possible break out through the support at 1.5145 and or resistance line at 1.5270. The movement is sideways. The support line is found at 1.5145 and resistance line at 1.5270.
Today’s Main Events:
10.00 GMT: EUR – Final CPI – measures the changes in the price of goods and services, excluding food and energy.
13.30 GMT: USD – CPI – measures the changes in the price of goods and services, excluding food and energy.
January 16, 2015 – Daily Market News
On Thursday, the GBP/USD pair stopped the slight bullish movement and started to move sideways. The pair moved between 1.5145 and 1.5270 which was quite narrow channel considering the surprising act of Swiss bank. Today, we should expect lower volatility which may picked up around 1.30PM (GMT) when the U.S. CPI data will be posted. Due to the fact that the movement is sideways, we should pay attention to a possible break out through the support at 1.5145 and or resistance line at 1.5270. The movement is sideways. The support line is found at 1.5145 and resistance line at 1.5270.
Today’s Main Events:
10.00 GMT: EUR – Final CPI – measures the changes in the price of goods and services, excluding food and energy.
13.30 GMT: USD – CPI – measures the changes in the price of goods and services, excluding food and energy.
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