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Forex forecast . Overview pair GBP / USD on 24.10.13

Technical, fundamental analysis of the situation and the forecast for today.

Pound in contrast to the Euro has available a fundamental advantage that can distinctly change its trend at the end of the day . This is the speech of the Bank of England's Mark Carney at 20:45 GMT. Prior to this time the pair will trade in absolute symmetry with the European currency. Volumetric analysis indicates depletion of the downward trend , but this is probably a short-term character as Euro 1.3825 target acts as the primary short-term objective , and at the price of 1.6215 a pound has a similar meaning .

As for the bears , the primary and the main purpose of their correction will be 1.6160 . candlestick analysis controversial in the same range includes candles of different meaning. The most likely trend for today - rising with the main objective 1.6260 . Will achieved this goal depends on the quality delivered by the process of accumulation in the range of 1.6163 - 1.6215 , which is still not that funny successes.

Actively recommend buying from these ranges: 1.6146 - 1.6151 , 1.6263, sell - 1.6275 .

The fundamental outlook for the GBP / USD

News background is saturated enough for a wide variety of semantic value with news articles that may eventually change the current trend, and could strengthen his position. It all depends on the values ​​of emerging statistics , and should take into account not only the data on the UK and the U.S. , particular importance is the correlation statistics in Europe .

In the case of positive statistics on indexes in Europe and weak U.S. data can talk about the fall in asset prices. If we look at the trend in the general tendency is clearly seen Pound to 1.6370 , and I think the pair will reach the goals by the end of the year .

Conclusion: an analytical review and forex forecast controversial with technical superiority on the side of the bulls, as a priority trends (targets : 1.6260 other goals of the above ranges) , the Bears the lead, as a short-term trend . See the proposed trading strategy and make appropriate conclusions.

Intermediate levels of support and resistance for today .

Thus, for a 30- minute analysis period :

( 1.6215 , 1.6256 , 1.6134 , 1.6270 , 1.6163 ) - the levels are kept .

Attention : This analytical article is not a guide to action and reflects the personal opinion of the author.

 Shikhaliyev Farid , Analytics Forex Market

Category: Forex Forecasts | Views: 1050 | Added by: Tyler | Rating: 0.0/0

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