A look at what levels may be in play over the Carney show
GBPUSD
Up
1.4460/70 is old S&R and held over Asia yesterday before the pop to the 1.4488 highs
1.4480/85 is where we've seen resistance through May so far when looking at 1.4500
1.4491 & 1.4509 are the 100 & 55 H4 ma's
1.4515/20, another S&R point this year
1.4570/75, as above
1.4600 will be naturally resistant and we might struggle past 1.4620/25 on a break
1.4650/60 will be next if we do push through 1.4625. It will take some fairly big news to get us here
Down
1.4400 is too close to have any real effect
1.4370/80 is where we've gone no lower this month
1.4360 is the 100 dma and 200 H4ma
1.4302 is the 50 fib of the Feb jump and the 55 dma sits at 1.4296
1.4280 has been multiple resistance when the price was below and testing 1.4300
1.4235/40 was S&R through March and early April
1.4200 for obvious reasons and the 61.8 fib of the Feb move is at 1.4191
Once again, think about whether it's worth trying to juggle all the headlines to find a trade or if it's best to wait until the dust has settled.
Best of luck if you are trading it.
