29 Jan 2014
GBP/USD unaffected by Fed
FXstreet.com (Córdoba) - The GBP/USD remained little changed well within today's range as the Fed met market consensus by cutting its bond-buying program to $65 billion per month.
The GBP/USD barely reacted, briefly dropping to the 1.6550 area before bouncing back to mid-range. At time of writing, the GBP/USD is trading at the 1.6570 zone, virtually unchanged since opening.
GBP/USD technical levels
In terms of technical levels, the GBP/USD could find immediate resistances at 1.6606 (Jan 29 high), 1.6625(Jan 28 high) and 1.6667 (Jan 24 high). On the flip side, supports are seen at 1.6525 (Jan 29 low), 1.6500 (psychological level) and 1.6473 (Jan 27 low).
The GBP/USD barely reacted, briefly dropping to the 1.6550 area before bouncing back to mid-range. At time of writing, the GBP/USD is trading at the 1.6570 zone, virtually unchanged since opening.
GBP/USD technical levels
In terms of technical levels, the GBP/USD could find immediate resistances at 1.6606 (Jan 29 high), 1.6625(Jan 28 high) and 1.6667 (Jan 24 high). On the flip side, supports are seen at 1.6525 (Jan 29 low), 1.6500 (psychological level) and 1.6473 (Jan 27 low).