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Forex: EUR/GBP around 0.8160/65 after BoE

By FXstreet.com,  January 10, 2013, 07:05:00 AM EDT

FXstreet.com (Barcelona) - The pair is edging higher after the BoE matched expectations, leaving both the lending benchmark and the Asset Purchase Programme unchanged at 0.5% and £375 billion, respectively.
The pair would face further pressure later, after the ECB rate decision and the later press conference by President Mario Draghi.

At the moment the pair is up 0.12% at 0.8164 with the next resistance at 0.8200 (hourly high Dec.28) followed by 0.8206 (Upper Bollinger) and then 0.8225 (high Dec.28).
On the flip side, a breakdown of 0.8137 (low Jan.8) would expose 0.8090 (Lower Bollinger) and finally 0.8089 (MA55d).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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