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Forex forecast . Overview pair GBP / USD on 28.11.13
Forex forecast . Overview pair GBP / USD on 28.11.13

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

Briton found himself without support important news that a qualitative change in the situation around this currency pair and the dollar. The important fact remains technical bias toward the bulls , but from the bulls are a lot of important technical levels , which are represented mostly of interest rates largest minority .

Such a balance of power may cause the price to get into a downward direction after reaching the level of resistance 1.6373 . Thus , forex forecast today on the side of the bulls with the primary objective of 1.6373 , the bears will be able to enter the market after the breakdown of the above levels. Volumetric analysis method and candle support this trend. Due to lack of proper maintenance lbs news , market priorities remain the same, suggesting that the strong market position of the bulls.

Resistance Bands 30 minute chart identical ranges uninteresting price : 1.6333 - 1.6346 . Border maximum resistance ( the price at which a large minority , companies, banks , etc. want to sell ) is the mark of 1.64005 . Support has already been formed and it is strong enough , the largest volume was purchased from sellers in the range 1.6136 - 1.6152 . In the case of a reversal price support 1.6260 .

The fundamental outlook for the GBP / USD

To date, British currency remained without statistical data , which is so important for those who want to lower prices . The fact that the market trend without news tracking considered stable and the chance to complete reversal less real . Therefore, the medium-term setting for today is the growth of the asset price, which may , from time to time will be replaced by the downward momentum in the form of minor corrections. After marking 1.6373 is a wide expanse of uninteresting prices, which can serve as a springboard for the accumulation of long positions.

Conclusion: an analytical review and forex forecast on the side of the bulls, as a priority short-term trend ( target : 1.6373 ) . Medium-term priority on the side of the bears 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 :

1.6136 , 1.6201 , 1.6284 , 1.6325 , 1.6373 .

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: 1134 | Added by: Tyler | Rating: 0.0/0

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