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FxWirePro: GBP/NZD edges higher but bearish outlook persists

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GBP/USD elicits support at 1.5053, MPC in focus

Wednesday, April 22, 2015 12:13 PM UTC

Cable 1.5053 flips to support after retreating from 1.5075 (5wk high)
1.5053 was last Friday's high (1.4857 = subsequent low)
MPC view about pipeline UK CPI fuels rise to 1.5075
1.51, 1.5155 & 1.5195 (100 DMA) resistance beyond 1.5075/80
1.5155 was Mar 18 high, after USD tanked following FOMC meeting

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FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption

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GBP/USD elicits support at 1.5053, MPC in focus

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