Technical analysis of GBPUSD on 14.02.2018

Pairs:




14 February 2018
  • 07:25

    Tech on GBP/USD

    Resistance 3: $1.4065

    Resistance 2: $1.4020

    Resistance 1: $1.3960-85

    Current price: $1.3898

    Support 1: $1.3840

    Support 2: $1.3765

    Support 3: $1.3740

Focus market

  • ECB's Weidmann says first ECB rate hike could follow the end of QE more closely than in the U.S
  • Industrial producer prices rose by 0.1% in the euro area (EA19) and by 0.2% in the EU28
  • European Commission forecasts Euro Zone inflation will accelerate to 1.6 pct y/y in 2019 from 1.5 pct y/y seen in 2018
  • UK service providers signalled a modest rebound in business activity - Markit
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