GBP / USD: at the end of the year is expected to increase demand for the dollar
at the last
week British currency significantly strengthened against the US dollar
Background Drop on demand publication US currency and favorable
macroeconomic statistics on the labor market and retail sales in the UK.
In the United States, in turn, came the weak data on the construction sector and a key
indices, but the main catalyst for growth of the pair was the decision by the US Federal Reserve to leave
the key interest rate unchanged at 0.25%.
Friday, demand for the dollar is still began to rise, and the pair has dropped slightly.
Today in the morning pressure on the pair survived.
This week, it is worth paying attention to statistics on the US labor market performance
Fed Chairman Janet Yellen and final GDP data for the second quarter.
Support and Resistance
against the backdrop of a lack of relevant publications for GBP / USD pair is expected low
volatility. In the medium term, the US currency is likely to
It reached the upper limit of the range, and further expected to decline to the level
Support 1.5100. An alternative scenario is movement in a narrow ascending
channel, overcoming the resistance of 1.5675 key level and to increase the local
highs 1.5815, 1.5920.
reached the upper line of the indicator "Bollinger Bands" strayed and rushed
1.5400 to midline, and then to the bottom of 1.5100.
Support: 1.5440, 1.5400, 1.5355, 1.5300, 1.5250, 1.5180, 1.5100.
Resistance: 1.5550, 1.5610, 1.5675, 1.5750, 1.5815, 1.5875, 1.5920.
positions should be open by 1.5610, 1.5675 objectives 1.5180, 1.5100 and stop loss
at the level of 1.5710.
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