Thursday, November 16, 2017

GBPUSD potential to reduce not

GBP / USD: the potential to reduce not exhausted

Current trend

During the week the quotations of the currency pair GBP / USD declined and Thursday
We reached a three-week low of 1.5223. A couple of crushed published in
Wednesday, February data on the index of business activity in the services sector. If in
UK this figure fell to 56.7 points, the US - on the contrary,
increased. According to calculations of Markit it was 57.1 points. And ISM calculations - 56.9
points. In addition, the economic report "Beige Book" Federal Reserve showed that
Economic activity in most regions of the US continues to grow,
It provides significant support to the dollar.

The most important
Fundamental events today will be ECB President Mario Draghi.
While the program of the European QE does not give the desired results,
and the European Central Bank may well resort to new stimulus measures that
It will inevitably affect the European currency is not the best. Also
usually pay attention to the performance of the Bank of England head Mark
Carney. In the context of low inflation British regulator will not make the change
interest rate, but Carney can chart a course of further monetary

Support and Resistance

In the near future more likely to continue to reduce prices
around 1.5155. However, we can not completely exclude the possibility of compensation to
level 1.5335 (the middle line "Bollinger Bands" indicator). technical
LEDs exhibit opposite signals in response to the uncertainty
Market before the important fundamental developments. Bollinger bands are directed
down, confirming the presence of a downtrend. Histogram MACD is in the negative zone, its volume increases.
Stochastic lines are oversold and directed horizontally.

Support levels: 1.5210, 1.5155.

Resistance levels: 1.5275, 1.5335.

trading recommendations

In current situation
more pressing seen short positions, which can be opened from the level of 1.5210 with the aim of 1.5155. Long positions will be
current in the breakdown of the price level of 1.5275. The goal of long positions will mark 1. 5335.

GBPUSD potential to reduce not

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