The Traderszone Network

Published in TZ Latest News 29 September, 2015 by The TZ Newswire Staff

GBPUSD awaits BOEs Carney. Levels to eye on surprises

Speaks at Lloyds
The GBPUSD traded at the lowest level since May 5th – taking out Friday’s low by 6 or so pips (1.51278 vs 1.5134).  The price has rebounded off that low and has moved toward the day’s midpoint at 1.5166 (the high reached 1.5169).  Over the last 2 hours the range has been confined to 20 pips in an up and down pattern.  The price has remained below the days midpoint and the 200 bar MA on the 5-minute chart as well.