19 Nov 2014
Pounds surges against the dollar – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet notes Pound surged against the greenback following the release of BOE’s Minutes.
Key Quotes
“The pair was trading at a fresh year low of 1.5582 at the time, bouncing sharply afterwards.”
“Technically, the 1 hour chart shows a mild positive tone, with price above a bullish 20 SMA and indicators aiming higher above their midlines.”
“In the 4 hours chart price overcame its 20 SMA but indicators remain below their midlines, suggesting some further advances above current level are required to get some upward momentum towards 1.5770 tops.”
Key Quotes
“The pair was trading at a fresh year low of 1.5582 at the time, bouncing sharply afterwards.”
“Technically, the 1 hour chart shows a mild positive tone, with price above a bullish 20 SMA and indicators aiming higher above their midlines.”
“In the 4 hours chart price overcame its 20 SMA but indicators remain below their midlines, suggesting some further advances above current level are required to get some upward momentum towards 1.5770 tops.”