GBP/USD Still Bullish On Carney’s Hawkish Comments
FxGrow | May 25, 2016 06:20AM ET
The GBP/USD rallied and touched 1.4660 high as Carney defended Bank of England (BOE) recent actions. Governor Carney insist that inflation target will be reached and the latest poll showed strong support for Britain to remain in the Euro zone thus surging the GBP/USD higher, and breaking the key resistance level 1.4685 will pave the way toward next resistance levels 1.4700 and 1.4740.
However, risks arise on “Brexit” vote and volatility will remain until the 23rd of June and cutting the support point 1.4590 will lead to a downside wave to touch 1.4565 and 1.4535 respectively.
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