Gbp/Usd got a strong support around 1.2075 ,many times tested (even with a fat finger once march low 1.1410) and failed to break .Although on daily TF , 50-55 Exponential moving average around 1.2350-1.12360 stands as a strong resistance ,breaking the daily fib pivot 1.2272 is likely which will makes further way up to test the 1.2340 & 1.2491 resistance respectively . On the other side , if price breaks the 1.2190 hourly support then once again a test to the major support around 1.2075 is possible thus keeping the pair in the same 10 week range .
On Calendar we have data numbers from the US later on and MPC member Saunders speech as well
Prelim GDP q/q
Core Durable Goods Orders m/m
Durable Goods Orders m/m
Unemployment Claims
Prelim GDP Price Index q/q
Pending Home Sales m/m
Trend : Range
Resistance : 1.2340 ,1.2420 & 1.2490
Support : 1.2190 ,1.12120 & 1.2075
On Calendar we have data numbers from the US later on and MPC member Saunders speech as well
Prelim GDP q/q
Core Durable Goods Orders m/m
Durable Goods Orders m/m
Unemployment Claims
Prelim GDP Price Index q/q
Pending Home Sales m/m
Trend : Range
Resistance : 1.2340 ,1.2420 & 1.2490
Support : 1.2190 ,1.12120 & 1.2075
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