GBP/USD supported at 1.5100 – OCBC

By FXStreet FXStreet (Edinburgh) – Emmanuel Ng, FX Strategist at OCBC Bank, sees pullbacks in the pair well supported around the 1.5100 neighbourhood.

Key Quotes

“Downside impetus for the pair may fade somewhat amidst a weaker dollar environment while domestic cues are expected from the Sep PMIS later today and the BOE MPC on Thursday”.

“The 200-day MA (1.5326) is expected to serve as a key psychological resistance while 1.5100 on the downside should hold in the interim”.
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Source:: FX Street