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Forex forecast . Overview pair GBP / USD on 25/11/13
Forex forecast . Overview pair GBP / USD on 25/11/13

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

Downward trend reserve currency and the British pound fell in value to the borders of the first line of support 1.6202 , followed by a medium strength 1.6193 mark , and then blocking the accumulation price range 1.6184 . Due to the lack of important ( tipping ) news releases can be considered fully symmetrical pound to the euro currency , and therefore we probably will see the average amplitude of the accumulation in the range of 1.6184 - 1.6202 . Most likely, this will reduce the accumulation of assets ( more accurate conclusions can be drawn , the latter considered relatively important news release at 19:30 GMT) . Support ranges already listed above are intermediate price mark boundaries , which are referred to the support line . Volumetric analysis entirely on the side of the bears , candlestick analysis also supports the short version of this scenario ( in the absence of explicit bearish candles in the range ) accumulation. Forex forecast for today on the side of the bears in the short term and for the bulls as part of the corrective waves ( available until 19:30 ) .

The fundamental outlook for the GBP / USD

Newsflow support bears on the market. Due to the lack of important turning data market will follow its natural tendency - the downward movement , and further accumulation. The only relatively important news will be published at 19:30 GMT, and will represent a qualitative report on industrial employment in the Dallas bureau . This information will enable a more qualitative assessment of the current situation and put the final adjustments to start tomorrow, to give an idea of the exact vector accumulation in the market. Also note data on mortgage approvals at 13:30 GMT, which are likely to be able to start accumulation or serve as a correctional wave in the already established version.

Conclusion: an analytical review and forex forecast on the side of the bears as a priority short-term trend ( target : 1.6184 ) . Medium-term priority on the side of the bulls as part of the corrective waves . See proposed trading strategy and make appropriate conclusions.

Intermediate levels of support and resistance for today .
Thus, for a 30- minute analysis period :
1.6130 , 1.6200 , 1.6184 , 1.6193 , 1.6215 .
Note: This article is not an analytical guidance and reflects the personal opinion of the author.

Shikhaliev Farid , Analysis and Market Forecasts Forex
Category: Forex Forecasts | Views: 824 | Added by: Tyler | Rating: 0.0/0

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