Thursday, 24 October 2019
New York
GBP/USD retraces from 5-week high amid fewer fresh catalysts from UK
Wednesday, 26 June 2019 08:27 WIB | CURRENCIES |GBP/USD

While renewed fears of no-deal Brexit and less dovish Fed speak dragged the GBP/USD pair back from a month™s high, the Cable trades little changed near 1.2690 during early Wednesday.

The UK Prime Minister (PM) prospect, Boris Johnson, was on wires via BBC when he reiterated his previous pledge to leave the EU on October 31. He also mentioned using WTO rules if necessary.

On the other hand, policymakers from the US Federal Reserve, including the Chairman Jerome Powell, remained less dovish while turning down the odds of the need for an immediate rate cut.

During early Wednesday, the other candidate for the UK PM™s race, Jeremy Hunt, was interviewed by the BBC. He tried assuring British voters that he can get a new Brexit deal from the EU because of his personality. However, the British Pound (GBP) showed little reaction to the comments.

Looking forward, Bank of England™s (BOE) quarterly inflation report hearings and a press conference by the Governor Mark Carney will be the key to follow for fresh impulse.

Technical Analysis

A 21-day moving average (21-DMA) acts as immediate support for the pair around 1.2667 ahead of shifting the bears™ attention to May low surrounding 1.2560.

Alternatively, an upside clearance of 50-DMA figure of 1.2800 highlights April low near 1.2865 and 200-DMA level of 1.2923 as follow-on resistances to watch.

Source: FXstreet


Sementara kekhawatiran baru Brexit tanpa kesepakatan dan pidato Fed yang kurang dovish menyeret pasangan GBP/USD kembali dari tertinggi sebulan, Cable sedikit berubah di dekat 1,2690 pada awal Rabu.

Prospek Perdana Menteri Inggris (PM), Boris Johnson, melalui BBC ketika dia menegaskan kembali berjanji untuk meninggalkan Uni Eropa pada 31 Oktober. Dia juga menyebutkan menggunakan aturan WTO jika perlu.

Di sisi lain, pembuat kebijakan dari Federal Reserve AS, termasuk Ketua Jerome Powell, tetap kurang dovish sambil menolak kemungkinan perlunya penurunan suku bunga segera.

Selama Rabu pagi, kandidat lain untuk posisi PM Inggris, Jeremy Hunt, diwawancarai oleh BBC. Dia mencoba meyakinkan pemilih Inggris bahwa dia bisa mendapatkan kesepakatan Brexit baru dari UE karena kepribadiannya. Namun, Pound Inggris (GBP) menunjukkan sedikit reaksi terhadap komentar tersebut.

Ke depan, dengar pendapat tentang laporan inflasi triwulanan Bank Sentral Inggris (BOE) dan konferensi pers oleh Gubernur Mark Carney akan menjadi kunci untuk dorongan baru.

Analisis Teknis

Rata-rata pergerakan 21 hari (21-DMA) bertindak sebagai supprt langsung untuk pasangan di sekitar 1,2667 menjelang rendah Mei di sekitar 1,2560.

Atau, bila naik di atas 50-DMA di 1,2800, pasangan akan menyoroti rendah April di dekat 1,2865 dan level 200-DMA di 1,2923 sebagai resistensi berikutnya.

Source: Fxstreet

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