Back
19 Mar 2014
GBP/USD considerably lower on FOMC
FXStreet (Guatemala) - Sterling dumped on the FOMC decision to hold rates but taper by $10b it’s asset purchasing programme. GBP/USD is testing the grit of the 1.66 handle, trading below it still so far at 1.6575 currently.
The first FOMC meeting under Yellen FOMC vote was not unanimous while the rate remained without change, there was a tapering of the treasury purchasing programme from $35b to $30b while the mortgage-backed securities purchasing programme was reduced form $30 to $25B.
GBP/USD Levels
The 20 DMA is 1.6663, the 50 DMA is 1.6556 and the 200 DMA is 1.6021. RSI (14) reads 55.35. Supports are ascending from 1.6447, 1.6470, 1.6488 and 1.6538. Spot is 1.6575 while resistances are 1.6605, 1.6649 and 1.6675.
The first FOMC meeting under Yellen FOMC vote was not unanimous while the rate remained without change, there was a tapering of the treasury purchasing programme from $35b to $30b while the mortgage-backed securities purchasing programme was reduced form $30 to $25B.
GBP/USD Levels
The 20 DMA is 1.6663, the 50 DMA is 1.6556 and the 200 DMA is 1.6021. RSI (14) reads 55.35. Supports are ascending from 1.6447, 1.6470, 1.6488 and 1.6538. Spot is 1.6575 while resistances are 1.6605, 1.6649 and 1.6675.