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BFSforex: Pound in early trading within a narrow range

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BFSforex: Pound in early trading within a narrow range

Postby bfsforex » Wed Nov 27, 2013 6:49 am

Wednesday ( Nov. 27 ) Asian city in early trading , the British pound against the U.S. dollar remained at 1.62 above the consolidation, although sterling had to fall on Monday ( November 25 ) , but did not continue to decline this wave days on Tuesday , which also means the actual trend trend has not completely reversed . Earlier, the British pound against the U.S. dollar in the past month high of 1.6260 between twice the range are tentative without success , but for now , the pound is entirely possible to be ready to rally again .
17:30 GMT Wednesday , Britain will announce third-quarter GDP revised , the pound against the U.S. dollar on Tuesday, "just " once again rebounded to the top of the recent range , in this case , or breaking down again on technology trends are reasonable sex , so do not rule out the data released today , the market volatility may affect technological breakthrough may lead to amplification of data .
Brown Brothers Harriman industry organizations (BBH) pointed out that , after the Bank of England Governor Carney (MarkCarney) still emphasize the economic field there overcapacity situation and reiterated the need rather than just the unemployment rate dropped to 7% of the full rate hike conditions , which may thereafter still cause some negative impact on investor sentiment and limit the pound against the dollar will rise further amplitude.
In addition , a series of economic data tonight, foreign exchange and precious metals markets will be released even more important. After two days due to the U.S. Thanksgiving holiday coincides with a series of data to be released in advance to tonight . U.S. investors can focus attention on October durable goods orders and the United States on November 23 , when claims for unemployment benefits in performance.
Technically, although the British pound against the U.S. dollar within a narrow range of basic maintenance on Tuesday intraday consolidation pattern at 1.6200 and closed integer Difficult , but its overall upward momentum in the exchange rate but did not change fundamentally , in time , the British pound against the U.S. dollar will continue upward the challenge 1.6260 previous high target level.
Operation , days suggested GBP / USD can buy on dips in the 1.6240-1.6110 range, effective Powei 40 point stop loss, target range limit.
BY:BFSforex
bfsforex
 
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