Yesterday’s news releases maintained the volatility of GBPUSD at high levels. Almost all the data failed to match the forecasts. For several times GBPUSD broke through the option barrier at 1.6232 and then returned back into the range.
At the moment the currency pair is moving between 1.6232 and 1.6327.
This trading day is also going to be rich in significant news. The UK news block (8:30GMT) will include Bank of England Minutes, Jobless Claims Change and Claimant Count Rate while the US news block will include EIA’s weekly crude and gasoline stocks and FOMC Minutes.
On coming out of the range, 1.6074 and 1.6449 will become the next levels of support and resistance.
Provided by the Department of Options,
