GBP/USD supported at 1.5100 – OCBC

FXStreet (Edinburgh) - Emmanuel Ng, FX Strategist at OCBC Bank, sees pullbacks in the pair well supported around the 1.5100 neighbourhood.

Key Quotes

“Downside impetus for the pair may fade somewhat amidst a weaker dollar environment while domestic cues are expected from the Sep PMIS later today and the BOE MPC on Thursday”.

“The 200-day MA (1.5326) is expected to serve as a key psychological resistance while 1.5100 on the downside should hold in the interim”.