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Add as a preferred source on Google FxWirePro: EUR/GBP rangebound as markets await BoE policy decision EUR/GBP trades a narrow 22 pip range in the Asian session as markets await BoE's policy decision. The BoE is largely expected to cut rates by 25bps to new record lows of 0.25 percent. However, it is to be seen if Governo…
By FxWire Pro Aug 4, 2016, 4:57 AM UTC
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EUR/GBP trades a narrow 22 pip range in the Asian session as markets await BoE's policy decision.
The BoE is largely expected to cut rates by 25bps to new record lows of 0.25 percent.
However, it is to be seen if Governor Carney will announce more bold measures, or leave doors open for additional stimulus.
Inflation and growth forecasts will also be keenly watched for further direction.
Techs on the daily charts have a slightly bearish bias. Momentum studies are neutral, while Stoch are biased lower.
0.84 which is converged 7 and 21 DMA is stiff resistance, while 0.83 on the downside has offered major support in the past weeks.
Break above or below the above-mentioned ranges will indicate further direction for the pair.
Above 0.84 next hurdles align at 0.8492 (Aug 2 high), 0.86 and then 0.8627 (July 6 high).
Break below 0.83 will see test of 0.8234 (38.2% Fib) and then 0.8145 (50-DMA).
Technicals EURUSD - Levels to watch - 1.1100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8365 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560
By FxWirePro Team Oct 15, 2026, 3:20 AM UTC
Technicals EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560
By FxWirePro Team Oct 15, 2026, 3:17 AM UTC
Technicals JPY Major Pair Currency Score: USDJPY, GBPJPY and AUDJPY Extremely Bearish
By FxWirePro Team Oct 15, 2026, 2:34 AM UTC
