Further growth?
All week favorable news from Great Britain have been giving good support to pound, the number of the unemployed decreased by 38 thousand people and at the moment unemployment makes 5,7%, these indicators have undoubtedly been affected by fall in oil prices. However, the reason for making decision on increase of interest rates by Bank of England is inflation that isn't observed lately. Further growth is possible, however, I don't think that it is a tendency, it is rather - a temporary phenomenon.
Main movement of currency pair
GBP/USD pair is traded in the ascending trend, Tenkan and Kijun lines move in parallel, the price is kept between them as well as inside of ascending cloud, descending movement from the level of resistance1,5437is predicted. It is desirable to take “buy” positions below the level of resistance1,5437, to fix profit at the level of support 1,5400,1,5378, 1,5346.
Alternative movement of currency pair
If GBP/USD pair manages to break through and get fixed above the level of resistance 1,5437, continuation of ascending movement to the following levels of resistance 1,5465,1,5485 will be possible.
Level of resistance :1,5437;1,5465 1,5485.
Level of support : 1,5400;1,5378; 1,5346.
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