13 Feb 2014
GBP/USD is holding the 1.66 handle
FXStreet (Guatemala) - GBP/USD has kept hold of the 1.66 handle in Asia with a high of 1.6621.
GBP/USD RICS Housing Price Balance was released as second or third teir data and there has been little reaction to the disappointing number at 53% vs 57% expected. The pair remains bid with analysts at major banks shifting on their expectations of a hike to come in as soon as Q2 2015. “On balance, the risks around our forecast for the first Bank Rate hike in Q3 2015 have shifted towards an earlier rise (ie, Q2 2015)”, explained analysts at The Royal Bank of Scotland. RSI (14) reads 70.34 and signifies the momentum on this one is stalling.
GBP/USD DMA’s
The 20 DMA is 1.6446, the 50 DMA is 1.6421 and the 200 DMA is 1.5849.
GBP/USD RICS Housing Price Balance was released as second or third teir data and there has been little reaction to the disappointing number at 53% vs 57% expected. The pair remains bid with analysts at major banks shifting on their expectations of a hike to come in as soon as Q2 2015. “On balance, the risks around our forecast for the first Bank Rate hike in Q3 2015 have shifted towards an earlier rise (ie, Q2 2015)”, explained analysts at The Royal Bank of Scotland. RSI (14) reads 70.34 and signifies the momentum on this one is stalling.
GBP/USD DMA’s
The 20 DMA is 1.6446, the 50 DMA is 1.6421 and the 200 DMA is 1.5849.