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22 Jan 2015
GBP/USD down after ECB QE launching
FXStreet (San Francisco) - The British Pound traded down against the dollar after the announcement of Draghi that the ECB will begin its QE with € 60 BLN per month in March until at least September 2016. The GBP/USD fell 80 pips from 1.5200 to test the 1.5120.
Currently, GBP/USD is trading at 1.5162, up 0.20% on the day, having posted a daily high at 1.5215 and low at 1.5123. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.
GBP/USD levels
Below the 1.5120, the GBP/USD will find next supports at 1.5100, 1.5080 and 1.5060. To the upside, resistances are at 1.5160, 1.5180 and 1.5200.
Currently, GBP/USD is trading at 1.5162, up 0.20% on the day, having posted a daily high at 1.5215 and low at 1.5123. The hourly FXStreet OB/OS Index is showing overbought conditions, alongside the FXStreet Trend Index which is slightly bullish.
GBP/USD levels
Below the 1.5120, the GBP/USD will find next supports at 1.5100, 1.5080 and 1.5060. To the upside, resistances are at 1.5160, 1.5180 and 1.5200.