GBP / USD: Pound accelerates growth
British currency showed steady growth, which was due to the publication
strong macroeconomic statistics in the UK. Later, with the release of
Data in the United States, the US currency was able to recoup some of its losses, but,
Overall, a powerful “bullish” potential for the pound remained.
Consumer prices in the UK in July rose by 0.1% year on year,
which it was better than historical data and expectations of analysts 0.0%. AT
monthly basis, the index lost 0.2%, but the actual dennye, again, were
better than expected. Core CPI rose 0.8% c to 1.2% in July.
Support and resistance levels
“Bollinger Bands” on the daily chart shows the emergence of a weak
downlink signal. Perhaps consider short positions, but yet clear
confirmation “bear” no trend.
still maintains an upward trend. It is recommended to keep the existing long
position, but with the opening of new business is now better to wait.
continues to steadily decline. It should be open short positions in the short
and very short-term.
Support: 1.5659, 1.5600, 1.5558 (local low of August 18), 1.5520,
1.5465 and 1.5400.
resistance: 1.5700 (close to the current local maxima), 1.5770, 1.5800
(Level of 24 June), 1.5850, 1.5900.
short positions when turning the instrument close to the current levels of 1.5659,
1.5700 1.5600 for the purpose, and 1.5558 a stop-loss at the level of 1.5750.
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