GBPUSD general analysis

GBP / USD: general analysis

Current trend

After the fall of the pound last week continues
consolidate laterally channel. waiting for us pretty busy this week
economic statistics, important release will be the decision on interest
the rate of the Bank of England and the report on inflation in the UK. In the United States will
published data on the unemployment rate, the number of new jobs outside
with / x and the index of business activity. The last of the index will be released today,
forecasts he should grow up a bit. Also today, in the first half of the day
will appear on consumer credit data in the UK, which will
a direct reflection of the desire to spend money consumers. In the case of high
figure is expected to increase the currency pair to the level of 1.5457. But if the movement
may continue up to the mark 1.5340.

Support and resistance levels

The nearest resistance level is maximum
Friday’s trading 1.5457. Support is a two-week low 1.5340.

trading recommendations

Expectations of positive statistics on the US on Thursday and Friday
will put pressure on the British currency all week, so
it is recommended to open short positions from the level of 1.5410 and 1.5340 for the purpose of
protective orders in the area of ​​1.5460.

GBPUSD general analysis

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