Forex Special (Córdoba) - The Asian session has seen a new leg down in GBP/USD after the post FOMC rally. The Cable lost over 90 pips on a disappointing consumer confidence report and comments from the BOE's governor admitting that his inflation forecasts for next year, made just three months ago, were wrong.
GBP/USD slipped and posted an intra session low at 1.5765; however, the pair found support at that low and bounced, recovering near 45 pips.
Currently the Sterling trades at the 1.5810 zone, 0.24% below its Wednesday opening price ahead of the UK's inflation report later today.
GBP/USD (Aug 11 at 06:31 GMT)
1.5779/81 (-0.45%)
H 1.58655 L 1.5767
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.5730 | 1.5769 | 1.5809 | 1.5817 | 1.5857 | 1.5896 |
| [?]Trend Index | [?]OB/OS Index |
| Strongly Bullish | Neutral |
| Data updated on Aug 11 at 06:00 (15-minute timeframe) | |
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