GBP / USD: Outlook and Forecast
For the last
two days the pair GBP / USD fell
more than 150 points to the level of 1.5600. However, it should be expected soon
renewed interest of investors to the couple, which could lead to its
requirements is rich economic calendar for today. At 11.30
(GMT + 3) out data
UK construction sector and, if forecasts are correct, published
indicators positively affect the GBP. At 15.30 (GMT +3) expected news from
US Department of Labor and projections are more negative for the dollar.
, the most probable is the upward movement of the pair GBP / USD.
Levels of Support and Resistance
on the chart
technical indicators have been expanding Bollinger Bands. On the eve of a pair
It traded outside the lower band, but is now higher than the bottom line
indicator. The current picture can be interpreted as the imminent formation
the upward movement that confirm predictions news releases today.
mark resistance level is 1.5690 (midline Bollinger bands).
Support level: 1.5590 (Lower Bollinger Band line).
open long positions above 1.5620 level and 1.5690 after marking translate
in order bezubytka mode. Opposite movement now looks unlikely
and is not considered.
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