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FxWirePro- Major US Indices

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GBP/USD moving up towards 100DMA

Wednesday, February 25, 2015 9:43 AM UTC

Real money demand for GBP flagged as factor in pair rise to 1.5538
1.5538 = highest level for cable since Jan 2
Risk of sooner than expected BoE rate hike = key source of support for GBP
1.5574 (100DMA) & 1.5621 (Dec 31 top) among cable bull targets pre-1.60
1.55 & 1.5480 supports (stops above 1.5480 & 1.55 tripped early Europe)

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GBP/USD moving up towards 100DMA

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