High volatility moves are expected as the Bank of England (BoE) is heading to announce policy decision. A rate cut is fully priced in; the market is waiting to see what more the bank delivers. Following are the key support and resistance for sterling-based pairs.
- EUR/GBP – Currently trading at 0.834, key supports lie at 0.83 and 0.823 area. Key resistances lie at 0.846 and 0.86 area
- GBP/USD – Currently trading at 1.334, key supports lie at 1.306, 1.286, and 1.27 area. Key resistances lie at 1.35, 1.39, and 1.42 area
- GBP/AUD – Currently trading at 1.751, key supports lie at 1.74, 1.73 and 1.707 area. Key resistances lie at 1.76, 1.78, and 1.82 area.
- GBP/NZD – Currently trading at 1.86, key supports lie at 1.826 and 1.8 area. Key resistances lie at 1.873, and 1.905 area.
- GBP/JPY – Currently trading at 135, key supports lie at 128.6 and 121 area. Key resistances lie at 139, 142, and 145 area.
- GBP/CHF – Currently trading at 1.298, key supports lie at 1.275 and 1.25 area. Key resistances lie at 1.308 and 1.32 area.


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