The drop was significant, so that a correction seems to be as reasonable, especially considering the holidays looming and the end of the year. Resistance 3: 1.5800/10 Resistance 2: 1.5780 Resistance 1: 1.5710/20 New York: 1.5376 Support 1: 1.4850 Support 2: 1.4740 Support 3: 1.4680 Comments The pair tried to follow the euro. The euro / gbp reached new highs. Two-way trade technician. The minimum stay at 1.5200/10. The pair came under pressure. There were offers of sovereign states. He kept control over the 1.5500 sales, but it will be prudent to wait a bit.
At night there was a technical trade as traders defined strategies. Liquidity was moderate. Stops were placed in the area of 1.5700. Stay alert, come volatility. Aggressive traders can go short when the pair go back and test the 1.5050. Friday: All times EASTERN (-5 GMT) 4:30 a.m. GBP Revised Business Investment q / q 4:30 a.m. GBP Revised Business Investment q / q Resistance 3: 1.4820 Resistance 2: 1.4780 Resistance 1: 1.4720 New York: 1.4660 Support 1: 1.3850 Support 2: 1.3780 Support 3: 1.3720/30 Comments The pair managed to gain ground at night, but found resistance at the 200 MA.
100 operators could test the short-term MA. Stops are being installed in 1.4650. Those who were long are concerned. A correction is likely. Several traders are taking profits despite the prevailing uncertainty. Friday: All times EASTERN (-5 GMT) 2:00 a.m. EUR PPI m / m German foreign currency trading (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.