GBP / USD: Pound for waiting at least five years ago
After reaching the key level
Resistance 1.4990 GBP / USD pair rushed down sharply, breaking on his
the way some important support levels 1.4800, 1.4750 and 1.4700. Such a sharp drop
couple was primarily due to the strengthening of the US currency after
Publication US Fed meeting minutes. Most members of the US
regulator called for an increase in interest rates as early as June of this
of the year.
In addition, macroeconomic data
Britain were mostly negative, that sent in this week
Knockout British currency.
Today the pound is once again under pressure statistics
industrial production and manufacturing output,
All figures were below forecasts. In the afternoon, America will publish
Index of import prices and data on the federal budget.
Support and resistance levels
Currently the pair is trading at a local minimum
1.4640. If the US session will start on a positive note for the dollar, at least
It can be overcome. In this situation, it’s hard to suggest to the public
the values of the pair may fall in the next couple of months. We note only the key
Support levels: 1.4590, 1.4510, 1.4380 and 1.4250 (at least five years ago).
Support levels: 1.4700, 1.4750,
1.4800, 1.4900, 1.4990, 1.5050.
Resistance levels: 1.4640, 1.4590,
1.4510, 1.4380, 1.4250.
It is recommended to trade with the trend and open
short positions after the breakdown of a local minimum 1.4640 with profit taking on
the level of 1.4380, 1.4250. Alternative – to wait for a rebound from a key
Support 1.4640, to open long positions at current price with a short
stop-loss and take-profit long.
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