Forex Marketz Daily Forex News – Fully Markets Update
GBP/USD (1.63117)
The sterling continues to face selling pressure. After the Bank of England rate decision, yesterday, the GBP/USD sold off. We see near term support now at 1.63 and at 1.6298.
A break below 1.6298, with daily close, opens the doors for 1.6220 then 1.6210. Alternative view, is that we need a close above 1.6380. If this happens we can test 1.6460 then 1.6480.
USD/CHF (0.93245)
The dollar soared higher yesterday. We are now at a new yearly high as we have been moving higher since the bullish candlestick above 0.9007.
A daily close above 0.9330 opens the doors for 0.9430. A reversal with a daily close below 0.9270 opens the gates to challenge 0.9225 then 0.9220 afresh.
