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FxWirePro: GBP elicits support from hawkish Weale's comments, cable hits day's highs at 1.5470

  • GBP/USD sidelined in Asia to start the week after a slight gapdown open on the day

  • Hawkish BOE comments at the weekend keep the pair supported, cable edged higher from day's lows at 1.5423

  • Weale said UK rates need to rise "relatively soon", Weale & Forbes are likelt to join McCafferty in voting for UK rate hike in Q4

  • Cable currently trades at 1.5464, with immediate resistance at 1.5465 (21 DMA) ahead of 1.5476 (Daily High Sep 10)

  • On the downside supports are located at 1.5428 (Hourly Cloud Top) and then at 1.5408 (Hourly Cloud Base)

Resistance Levels:

R1: 1.5465 (21 DMA)

R2: 1.5476 (Daily High Sep 10)

R3: 1.5492 (50% of 1.5820 - 1.5164)

Support levels:

S1: 1.5428 (Hourly Cloud Top)

S2: 1.5408 (Hourly Cloud Base)

S3: 1.5351 (200 DMA)

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