14 Dec 2016
The pound test the resitance at 1.278 (EMA100) and hit high at 1.275. It reverse back.
The key is this Thursday FOMC, which expect the Fed to raise interest rate. A hike in the rate will help to propell a stronger dollars, bring the pound down.
The support is at 1.256 (EMA55) which has convrge with EMA21, offer a strong support.
News today from the UK such as Unemployment rate and Claimant at 1730 SGT will make some move, but within the bound of 1.27 and 1.26.
CCI has not clear the lower band, giving hint that the pound will be weaker.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment