In my view, the USD has reached its limits, and so the dollar’s rise will end in November, forming the stop. It is expected further consolidation with respect to major currencies, so be careful if it was short and intends to take profits. It is estimated that the USD will be under dual action, but stay tuned to the volatility that will occur after the scheduled publication. GBP / USD Resistance Support 1: 1.4650 Support 2: 1.4580 Support 3: Comments 1.4480/1/4500 current market conditions, exaggerated the move. The couple marked the level of resistance in the 1.5100 area. The pair followed the EURO and the stock market. There was a technical evening trade. Probably the Bank of England to further reduce interest rates next month, but in my opinion is already digested this information.
Liquidity in the market was moderate. Aggressive traders can buy now, but expected volatility. Many traders took profits. It is expected higher volatility. Minima were found last week.
Certainly the pair reversed its trend. Maybe the pair back. Stops were placed at 1.4850, 1.5000, and 1.5050 in yesterday. Thursday: All times EASTERN The pair reversed its trend, after the highs of 1.2700. The pair recorded minimum night at the 1.2500 area, however, the pair managed to stay. Stops were placed in the area of 1.2750. Officers were seen traders operating for the past 48 hours. The pair came under pressure and it is advisable to buy. It is expected more volatility. Double action is awaited. Several traders took profits despite the uncertainty in the market. Data due Thursday: All times EASTERN (-5 GMT) 2:00 a.m. EUR PPI m / m German Currency Trading foreign (FOREX) involves the existence of losses due to the risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time. The information contained in this bulletin does not constitute or states that you should buy or sell through FOREX Core Financial Group Inc., and / or its affiliates, and should not be available to individuals in a jurisdiction where the making available of the above would be contrary to local regulations.