GBP / USD: British currency is still under pressure
The British currency against the US dollar continues to trade
in the range of 1.5100-1.5000. Despite the favorable data on the index
manufacturing activity and the index of business activity in the construction sector
The UK, the pound has not received sufficient support to
Today, it is worth paying attention to the data series from the United States,
They will be released production orders and report on changes in stocks of oil. Tomorrow
expected favorable data on the PMI index in the UK services, but
the market will still be dominated by “bearish” sentiment, after each
the upward movement will increase the amount of short positions.
Support and resistance levels
The most likely scenario today – lateral movement
within the current range, which means that you can earn on short-term transactions
the range boundaries. In the medium term the pair will continue to move in
descending range and can break through the recent local soon
at least 1.4950, rushing to a mark 1.4825.
Support levels: 1.5030, 1.5000, 1.4950,
1.4890, 1.4950, 1.4925.
Resistance levels: 1.5050, 1.5100, 1.5120, 1.5190,
1.5225, 1.5270, 1.5350.
In the medium term actually increase short
position in an upward correction of the levels of 1.5100, 1.5120, 1.5190 latching
We arrived at around 1.4850 (1.4825).
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