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FxWirePro: GBP/USD trade Idea

  • GBP/USD has shown a more than 100 pips jump after BOE monetary policy. Bank of England has kept its interest rates unchanged as expected but with slightly hawkish comment is the main reason for sudden jump in cable.Three members has voted for rate hike. Markets expects BOE to hike rate in Aug. Earlier pound was supported from the news that UK PM has won Brexit vote in House of Commons.
     
  • Technically the pair has jumped slightly above 1.3200 level till 1.32127. The pair should close well above 1.3200 on daily basis for further jump till 1.3300 level. Any break above 1.3310 (20- day MA) will take the pair to next level till 1.3400/1.3470 (Jun 7th high).
     
  • On the lower side, near term major support is around 1.3100 and any break below will 1.3045 (trend line support)/1.3000.

    It is good to buy on dips around 1.3175-80 with SL around 1.3125 for the TP of 1.3300.

Resistance

R1- 1.3250
 

R2 –1.3310
 

R3- 1.3400

Support               
 

S1- 1.310
 

S2-1.3045
 

S3-1.3000

 

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November 16 21:00 UTC Released

UST Flows,Incl.Swaps

Actual

16.7 Bln USD

Forecast

Previous

111.5 Bln USD

November 16 21:00 UTC Released

USOverall Net Capital Flows

Actual

-29.1 Bln USD

Forecast

Previous

108.2 Bln USD

January 31 00:00 UTC 419509419509m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 419509419509m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 431329431329m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 419509419509m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 431329431329m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 419509419509m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 419509419509m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 419509419509m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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