FOREX Updates: Technical Levels For GBP/USD Today

Tuesday, May 27 Market Profile British pound can be attributed to trend day. The British pound continued to weaken against the U.S. dollar, continuing a downward trend shaping its structure. Further put pressure on the pair of positive U.S. economic data, as well as the speech of the Bank of England. On the day the fair price protection zones are located in areas VAL - 1.6811 and VAH -1.6881. POC point of control was formed in 1.6858. 

Forecast for today : In today's Asian session, the British pound was trading in a narrow sideways channel against the U.S. dollar. In the case of formation of the first prerequisites for growth, buyers will be kept an intermediate level of resistance in the POC from May 20- 1.6814, above which is a more focused level VAL May 21 - 1.6831 from which we will see a strong enough sales. If the bulls and not rest on it, the main aim of the day will be a test POC, May 26 - 1.6843 and POC yesterday- 1.6858. As for sales, the second wave of falling may be kept back support area POC May 16- 1.6790. Only after consolidation below can argue about reducing GBP/USD to new lows near POC May 15- 1.6766 and VAL on the same day- 1.6742. Farthest weekly goal now is the level of POC from April 15- 1.6721.

GBP/USD Fell Down to Support Due to UK GDP In-Line with Estimates

GBP/USD Today

The British Pound fell against the US Dollar despite UK GDP reporting in-line with estimates, as back-ward looking data may fail to support bullish outlook.

The second revision of first-quarter UK GDP figures confirmed output grew 0.8 percent, confirming previous estimates. The year-on-year growth rate reported at 3.1%, the highest since the fourth quarter of 2007.

The British Pound has enjoyed a swell in supportive monetary policy expectations and an upbeat GDP print certainly did not fall out of step with that dynamic. Despite the positive back-ward looking data, Spivak suspects whether the data will be enough to carry teh British Pound higher as there is a chance that most if it has already been priced in.

FOREX Market Trend with Forecast for Today

Activity in the foreign exchange market has fallen markedly. All European currency traded almost unchanged, while the Australian and New Zealand dollar fell, especially the Australian currency amid a lack of clear signals of rising interest rates and the probability of a "hard landing" of the Chinese economy, which is quite involved trade of Australia and New Zealand. Today, the market will scrutinize the publication of the last minutes of the Fed, which tries to find the signals related to the timing of prospects start raising rates. The U.S. stock market is already quite vigorously responds to these likely changes in the attitudes of the Fed, especially in light of recent data on consumer price inflation, which showed that inflationary pressure is gradually increasing, which of course can also have an impact on the Fed. Major stock indexes rebounded from their maximum values​​. We can assume that today the latest data on inflation and also comment on the Fed chairman J. Yellen, and any hint of it some time start tightening monetary policy will lead to higher volatility. If she says today that, despite recent strong data from the labor market and inflation rates will be for some time to be boundless at low levels, it will have a local pressure on the U.S. dollar. At the same time the words that terms of rate hikes will be shifted to the beginning of the next in 2015, on the contrary, will support the dollar. Today, market participants will also closely monitor the data from the UK and the eurozone. Strong statistics on retail sales in the UK, as well as optimistic about the prospects for a rate hike Minutes of the last meeting of the Bank of England, support sterling. At the same time, weak data from the euro zone will have a local downward pressure on the euro.

Forecast Today: EURUSD before the publication of the minutes of the meeting of the FED is likely to consolidate between 1.3685-1.3730. AUDUSD pair remains under pressure because of lowering expectations increase in long term interest rates and a hard landing of the Chinese economy. The pair broke the support level 0.9250 and can now continue its decline to 0.9180, bottom of the short-term downtrend, if it does not rise above the level of 0.9250.

FOREX Trend: GBP/USD Technical Report For Today

Pair performed a U-turn in favor of the U.S. dollar and the beginning of the process of falling in the direction of the correctional level Fib 100.0% - 1.6319. Emerging divergence in none of the indicator is not observed. Rebound from a pair of 100.0% correction level allows traders count on a turn in favor of the British pound and some growth in the direction of 161.8% Fib level - 1.7250. Securing the pair below the 100.0% Fib increase the chances of a further drop in prices towards the next correction level 76.4% - 1.5968.

Pair GBP/USD on the 4-hour chart has formed a bullish divergence, but her last low passed and she canceled later pair performed a U-turn in favor of the currency of England and started in the direction of growth of 261.8% correction level - 1.7289. Emerging divergence is not visible. Securing of the pair on May 20 under the level of 200.0% correction will allow traders to expect a further drop in prices in the direction of the correctional level Fib 161.8% - 1.6336.

EUR/GBP Trend Today: FOREX News

The last movement of this week giving priority to implement the descending pattern, the purpose of which was to update the annual minimum 0.8156. Today we can observe a surge in demand in the breakdown of this mark. This fact indicates a high probability of a compensatory model to the last mid-term reduction that began in mid-March. The main purpose of growth is becoming an important medium-term resistance level 0.8235, which already serves as a support for the formation of impulse pattern down. Medium- priority model.

An alternative model will be developed if the rate will return to a downward trend that will allow it to consolidate below 0.8156 . This will open the way to the decline to the next support level located at 0.8098 . From the perspective of intraday fluctuations , the current surge of activity a part of buyers fault testing week 0.8159-0.8135. False breakout bottom border closures triggered a large number of loss-making positions in the futures market , which allowed not only to stop the fall, but also form the first reversal model . If the upward movement will continue , the course runs into strong resistance is at fault testing day 0.8193-0.8186, which is located just above the right minimum of two significant previous months. Intraday priority model has the following form.

FOREX Market Overview: Forecast For Today

The market profile for the Australian dollar can be attributed to the normal deviation of a normal day. The Australian dollar, which fell against the U.S. dollar in the first half of the day, then suddenly began to recover their positions , indicating the presence of a large buyer about strong levels of support in the VAL 7 May- 0.9331. On yesterday's fair price protection zones are located in areas VAL - 0.9341 and VAH -0.9369. Control point POC was formed in 0.9354.

Forecast for Today:

Forecast For Today

During today's Asian session, the Australian dollar continued its upward trend movement against the U.S. dollar. In case of further strengthening its position pairs, the first significant level of resistance will VAH April 15- 0.9423, above which the market can start a new large buyers that will AUD/USD to reach new highs around 10 April VAH- 0.9442, and then and the maximum current year- 0.9460. Sellers have no choice but to wait for the return to the first pair of support VAH 8 May- 0.9393, as well as to a stronger level VAH 12 May- 0.9373. Only after consolidation below these areas will be to talk about reducing the AUD/USD to POC from May 7- 0.9339 and VAH, April 28 - 0.9308.

FOREX Daily Updates: USD/SEK Trend Today

FOREX Updates:

The dollar traded unchanged or lower against the other G10 currencies during the European morning Thursday. It depreciated against NZD, SEK, CHF, GBP, JPY and EUR, while it remained near its early morning levels vs AUD, CAD and NOK.

This morning the only economic releases were from the UK. The day started with the Nationwide house price index which accelerated to +1.2% mom in April, beating market estimates of +0.6% mom. A few hours later, the BoE mortgage approvals for March missed estimates but at the same time the UK manufacturing PMI for April exceeded expectations. The index rose to 57.3, beating market expectations of 55.4, while the March number was revised up to 55.8 from 55.3. GBP/USD moved higher on the better-than-expected manufacturing report, breaking above yesterday’s highs of 1.6900. Under normal circumstances such a break could have larger bullish implications targeting the key barrier of 1.7000, but considering the positive expectations for Friday’s NFP number, we may experience a corrective wave before the close of the week. 

WTI continued its decline after a report yesterday showed that crude stockpiles increased by 1.7mn barrels to 399.4mn the week ended April 25, the highest level of stockpiles since the EIA (Energy Information Administration) started reporting weekly data in 1982. After pausing near the 99.35 support barrier, WTI fell below it, thus I would expect the price to meet support at 98.85.

USD/SEK Trend:

USD/SEK moved lower this morning to meet the support at the purple return line and the 6.4765 (S1) barrier. The overall short-term path of the rate remains to the downside, since the pair is trading below the blue downtrend line and below both the moving averages. However, considering positive divergence between both our momentum studies and the price action, and the fact that the RSI exited its oversold zone, I would expect the forthcoming leg to be to the upside. A clear move above the 6.5025 (R1) support could confirm the rebound and may target the next hurdle at 6.5195 (R2). In the larger picture, the 6.4765 (S1) support coincides with the 50% retracement of the 19th March - 21st April uptrend, which makes the aforementioned support even stronger.

• Support: 6.4765 - 6.4385 - 6.3965

• Resistance: 6.5025 - 6.5195 - 6.5530

FOREX Technical Levels and Today's Economic Events

FOREX Levels Today

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.3786	1.3811	1.3849	1.3874	1.3912	1.3937	1.3975
GBP/USD	1.6683	1.6719	1.6748	1.6784	1.6813	1.6849	1.6878
AUD/USD	0.9275	0.9325	0.9361	0.9411	0.9447	0.9497	0.9533
USD/JPY	100.29	100.81	101.10	101.62	101.91	102.43	102.72
USD/CAD	1.0820	1.0844	1.0889	1.0913	1.0958	1.0982	1.1027
USD/CHF	0.8686	0.8719	0.8740	0.8773	0.8794	0.8827	0.8848

Today's Economic Events

Date MON APR 14th 2014	Time (GMT)	Curreny	Economic Data	Forecast	Previous
	14th-15th	CNY	New Loans	1000B	645B
	14th-15th	CNY	M2 Money Supply y/y	13.1%	13.3%
	9:00am	EUR	Industrial Production m/m	0.3%	-0.2%
	12:30pm	USD	Core Retail Sales m/m	0.5%	0.3%
		USD	Retail Sales m/m	0.8%	0.3%
	2:00pm	USD	Business Inventories m/m	0.5%	0.4%
	4:45pm	USD	FOMC Member Tarullo Speaks
	11:01pm	GBP	BRC Retail Sales Monitor y/y		-1.0%

EUR/USD Weekly Review with Trading Suggestion

The euro exchange rate in the foreign exchange market on March 28, is continuing to decline, which is signaled by the indicator Heiken Ashi bars staining blue. Senior channel is directed upward, indicating that the upward direction of the global trend. Junior channel is also directed upwards, which means upward direction and in a less long term. At the moment the price is below the moving average and below the Murray "1/8". Therefore the aim of the downward movement is now level Murray "0/8" - 1.3672, but shorts are now considered still not recommended. If price overcomes the first target, the new target will be the level of Murray "-1/8" - 1.3550. The moving average is directed downward , and the price is in turn below it, so now more relevant downward movement. Heiken Ashi colored bars in the last blue color, which tells us about the local downward movement, but now in any position indicator to consider short positions is not recommended. Short positions can be considered only after turning down any linear regression channel. Buy orders will be relevant only after fixing prices above the moving average. The CCI indicator is about the level of -100, which indicates the presence of a weak currency pair oversold.

In our EUR/USD technical report the next support levels is near at 1.3672, 1.3550 and 1.3428 while nearest resistance levels are 1.3794, 1.3916 and 1.4038.

Trading Suggestion: After analyzing the EUR/USD currency pair, we conclude that is now recommended not to consider any position. To be able to consider longs requires fixing prices above the moving average. To be able to open short positions should wait for a turn down any linear regression channel.

FOREX Trend and Signal For Today: 28th March

FOREX Trend For Today:

EUR/GBP this week based on the imbalance between the components of pairs. Attempts to consolidate above two significant highs this year were unsuccessful, and the gain rate of the pound against the U.S. dollar has had a major influence on the formation of reversal pattern. Today is already falling 1.5% from the March peak. This suggests the increasing probability of a compensatory model. Rate reached a significant support level 0.8267, which was formed at the end of February. Stop depreciation on this level is a new starting point for further development of one of the models. Priority in the current environment remains depreciation, however, in the case of large demand, pay close attention to the possibility of obtaining better prices for sale tool. On the upside, resistance becomes a major fault 0.8320-0.8329 day. This zone will be both an obstacle to growth and levels where you can get great sale in the event of renewed depreciation. Correction model of education is as follows.

FX Signal For Today

AUD/USD has given a perfect breakout after forming Head&Shoulder pattern in Daily Chart. AUD/USD is trending bullish with strong momentum  It has also crossed 200 Day moving Average from below. Next resistance level is at 0.9450 with support at 0.8883. Please see the technical Chart for AUD/USD below-

AUD/USD Technical Chart

Technical Analysis and Trading Recommendations for USD/JPY Today

Technical Analysis of USD/JPY

Analyzing the yen in the Forex market on March 18, it is seen that the price continues corrective movement to pivot level of 101.98. Current sell signal is confirmed and strong as Chinkou Span is below the price, and the price is below the Ichimoku cloud. So now aim for a downward movement is the first support level of 100.56. In the case of overcoming the first target, the downward movement may continue with a view- the second support level of 99.77. Downward movement relevant to until the price is below the critical line Kijun-sen (102.15), if the price consolidates above the Kijun-sen, the "dead cross" weaken and may cancel, and further downward movement is called into question, Ascending same movement may continue with a view to the first resistance level of 102.77.

Trading recommendations:

Yen in the foreign exchange market is now advised to consider the sell position with the first target 100.56. In the case of overcoming the first target, sell orders will be relevant for the purpose of 99.77. Stop loss placed above 102.15 and with the lowering of the line can be moved down and stop loss. Open new short positions will be the rebound rates from 101.98 pivot level (or critical line), or in the case of the MACD reverses down (may be late to the reaction) . When entering transactions in the profitability of 50-60 points, Stop Loss can be transferred into the zone bezubytka. Take profits can be set at about 100.65 and 99.85. In addition to the technical picture should also consider the fundamental data and the time of their release. If possible, open trades "proactive" can move to a smaller timeframe (M15-M30) and observe the reversal of the trend indicator (eg Heiken Ashi ) about the price level, which is about possible price reversal.

EUR/USD Levels: FOREX Trend Analysis Today

End of the week may be decisive for the formation of medium-term reversal pattern. Yesterday's proposals manifestation that occurred after testing at the border of the February monthly fault 1.3950. This level was determined early in the week as the first important resistance. At this stage it is important structure confirm reversal. While there are two basic levels at which we can expect the beginning of compensatory upward movement, which will decide the outcome of the implementation of the reversal pattern. The first level of support at around 1.3823, the second is the level of balance in March. Depending on how the mark will reverse motion, and will be determined best price to buy the instrument.

The earlier a demand, the higher you can get best price to buy the tool in case of confirmation of the reversal pattern. From the perspective of intraday fluctuations course overcame fault 1.3906-1.3896 day. In the case of growth and re-testing of this zone are the best prices on the sale will be located within this zone. If the exchange rate will continue to decline to the level of 1.3823, you will need to build a new day faults formed from a local minimum, which is not a few points below the current zone. Worth noting that below the monthly balance is weekly fault 1.3786-1.3766, which is now the main target area. While this support zone remains premature to talk about the medium-term reversal. however, look for short trades from daily faults, definitely worth it. The reason is the impending expiration of futures contracts.

GBP/USD Trend Today: Divergence Analysis

Pair performed a U-turn in favor of the U.S. dollar and the beginning of a drop in prices, the peak bearish divergence has not been overcome. As a result, a drop in prices continues in the direction of the correctional level 100.0%- 1.6319. Rebound rate of 100.0% correction level will allow traders to count on a turn in favor of a pair of British pound and some growth in the direction of 161.8% Fib level- 1.7250. Securing quotes below the level of 100.0% correction would allow to expect a continued fall in the direction of the correctional level of 76.4% - 1.5968. 

After formation of the bearish divergence on the 4 hour chart the pair continues to fall in the direction of correction level 100.0%- 1.6340. Bearish divergence of the indicator MACD: last peak quotations turned higher than the previous peak and a similar indicator-below the previous. If the pair will take a peak of divergence, it will be canceled, and price growth to continue in the direction of the correctional level 161.8 %- 1.7268. Securing rate below the 100.0 % Fib increase the likelihood of further drop in prices towards the next level of correction.

USD/CAD Trend: FOREX Updates Today

USD/CAD Trend:

A slowdown in Canada’s Gross Domestic Product (GDP) may heighten the bearish sentiment surrounding the Canadian dollar as it raises the Bank of Canada’s (BoC) scope to cut the benchmark interest rate later this year.

In light of the protracted recovery, Governor Stephen Poloz may take additional measures to encourage a ‘soft landing,’ and a material shift in the policy outlook may produce fresh highs in the USDCAD as the Federal Reserve remains poised to discuss another $10B taper in March.

The widening trade deficit along with the slack in private sector consumption may generate a dismal GDP report, and a material slowdown in the growth rate may trigger a bearish reaction in the Canadian dollar as it heighten bets for a BoC rate cut.

Nevertheless, the pickup in employment paired with the rise in business investments may help to produce a positive result, and better-than-expected GDP print may spur a short-term pullback in the USDCAD as market participants scale back bets for more monetary easing.

FOREX Updates Today:

The Canadian Dollar saw a bit of strength following the better than expected QoQ GDP print, but the USD/CAD pair remained supported by a key break and hold of former resistance at the July and September highs. The pair closed out the Thanksgiving weekend higher and has since continued to push higher on technical factors as well as fundamentals. Data out of Canada since December has been dismal to say the least, but as of late we have seen a slight correction to the downside. A poor GDP print here may help fuel momentum in the breakout.

EUR/USD Trend and Trading Recommendation Today

After taking a wait all day yesterday EUR / USD pair remained in the range of the maximum amplitude of price changes of about 50 percentage points Thus, there remains the situation, allowing the currency pair to resume progress since February 19, the downward movement in the direction of the first possible target located on the approach to a mark 1.3650. In this case we denote MACD_akatak same divergence indicates that the alleged 2nd wave or b, taking a rather complicated and a long form, has almost completed the process of its formation.

Trading recommendations: As part of the descending wave may start price reduced with the objectives located near settlement marks 1.3646 and 1.3588, which equates to 50.0% and 61.8% Fibonacci. As part of the ascending wave instrument can continue to increase with the objectives located near 1.3762 and 1.3836 marks, which corresponds to 100% and 11.4% Fibonacci. Unsuccessful attempt to break the 1.3762 mark and MACD Divergence encounters conclusion readiness tool to build a downward wave. Breakthrough mark 1.3762 bring upon conclusion readiness tool to continue increasing prices.

GBP/USD Technical Data For Today: Trading Recommendations

Technical Data:

Senior linear regression channel: direction- up. Low channel linear regression: direction- up. Moving Average (20; smoothed)- up. CCI:-57.0391

Therefore, the aim of the current upward movement is the level of Murray "1/8"- 1.6724. If price overcomes the first target, the new target for the upward movement will be the level of Murray "2/8"- 1.6846. In the case of overcoming this and the Target, all levels Murray recalculated and will generate new targets for trade. Drawing attention to the Heiken Ashi indicator that colored the latest bars in blue, can be said about the local downward motion, so long positions will be relevant after the turn indicator up, which would mean the resumption of upward movement. The moving average is pointing up, and the price in turn is above it, so now more urgent upward movement. Shorts can be considered only after fixing prices below the moving average line and turn down any linear regression channel. The CCI indicator is about the level of -100 , which indicates the presence of a weak currency pair oversold.

The next support levels are 1.6602-1.6479-1.6357 while nearest resistance levels are 1.6724-1.6846

Trading Recommendations:

Based on the analysis funtdollar pair, we can conclude that now advised to consider warrant to purchase for the purpose of 1.6724. If this level is passed, the new Target will act 1.6846. Stop level is recommended to place below the moving average, and as his rise up and carry stop-loss. With the passage of 50-60 points stop loss can be moved to a zero level. Open long position is recommended in case of formation of 1-2 bars (depending on size) or purple when prices rebound from the moving average line. Take-profits can be set slightly below target levels Murray. Sell ​​orders considered not recommended.

FOREX Signal For Today: USD/CHF Down Today

USD/CHF Trend Today 

Downward movement has prospects as long as price is below the Kijun-sen (0.8930) if the price consolidates above the critical line, then a sell signal will be weakened, and the continuation of the downward movement called into question, but may continue upward movement with the aim of first resistance level 0.9007. Chinkou Span is below the price chart, which confirms the current sell signal and indicates a bearish market sentiment for the currency pair USD/CHF. Bollinger Bands show a continuation of the downward movement, the bands widen and sent down, so now it is recommended to consider options for short positions. MACD turned down, which indicates a downward price movement if the indicator will unfold the top, it could signal the beginning of a new round of corrective movement. If the price will bounce from 0.8873, it can also trigger an upward correction.

FOREX Signal For Today

USD/CHF on the FOREX market is now advised to consider shorts with the first goal- 0.8873. When fixing prices below the first target, a target for sales are encouraged to consider the level of 0.8821. Stop-loss orders placed above 0.8930, and if this line will be reduced, it is possible to carry stop-loss after her. Closed manually short positions recommended in case prices rebound from 0.8873 level or at the turn of the MACD indicator upward. When profitnye deal 50-60 points, stop-loss can be transferred to zero. Take- profits can be set slightly higher than the target levels by about 5-10 points- at the levels of 0.8880 and 0.8825.

FOREX Signal For USD/CHF with Today's Trend

The USD/CHF continues downward movement has no correction, and even 1-2 less strong bull bars are also absent.

FOREX Signal For USD/CHF

Current sell signal-strong and confirmed as Chinkou Span entrenched below the price, and the price is below the Ichimoku cloud. So now the goal for the downward movement is the first support level 0.8873. If the price is below the first target has to be available new target for downward movement- the second support level 0.8821.

Downward movement has prospects as long as price is below the Kijun-sen (0.8970) if the price consolidates above the critical line, then a sell signal will be weakened, and the continuation of the downward movement called into question, but may continue upward movement with the aim of first resistance level 0.9007. Chinkou Span is below the price chart, which confirms the current sell signal and indicates a bearish market sentiment for the currency pair USD/CHF.

FOREX Trend and News Today:

Bollinger Bands show a continuation of the downward movement, the bands widen and sent down, so now it is recommended to consider options for short positions. MACD turned down which indicates a downward price movement if the indicator unfold upward, it could signal the beginning of the corrective movement. Indicator also can start at any time to discharge. If the price bounces from 0.8873 level, it can also trigger coil upward correction.

Trading recommendations: franc on the foreign exchange market is now advised to consider shorts with the first goal -0.8873 . When fixing prices below the first target, a target for sales are encouraged to consider the level of 0.8821. Stop-loss orders placed above 0.8970, and if this line will be reduced, it is possible to carry stop-loss after her. Close short positions recommended in case prices rebound from 0.8873 or turn up the MACD indicator. When profitnye deal 50-60 points, stop-loss can be transferred to zero. Take- profits can be set slightly higher than the target levels by about 5-10 points- at the levels of 0.8880 and 0.8825. In addition to the technical picture should also consider the fundamental data and the time of their release.

FOREX News: Euro Trend For Today

FOREX Trend Today

The euro exchange rate in the foreign exchange market began February 12 correctional movement with the aim of moving, as evidenced by the blue bars Heiken Ashi indicator. Senior Channel turned sideways, indicating that the lateral direction of the global trend. Low channel also turned sideways, which means that the lateral direction of motion and less long term. At the moment the price is above the moving average and higher than Murray "3/8". Therefore the aim of the upward movement is now level Murray "4/8"- 1.3672, which has already been worked out. If price overcomes the first target, the new target will be the level of Murray "5/8" - 1.3733. The moving average is pointing up, and the price in turn is above it, so now more urgent upward movement. Heiken Ashi colored bars in the last blue color, which tells us about the local downward motion, so longs can be considered after the turn indicator up that will signal the completion of a downward correction. Short positions can be re- considered only after fixing prices below the moving average line. The CCI indicator is about the level of 100, which indicates the presence of a weak currency pair overbought.

The next support levels:

S1 - 1,3611

S2 - 1,3550

S3 - 1,3489

Nearest resistance levels:

R1 - 1,3672

R2 - 1,3733

R3 - 1,3794

FOREX Forecast For Today: 13th Feb 2014

Quotes performed reversal in favor of England currency and consolidation of correctional Fibo level 100.0%-1.6334. As a result, the growth rate continues towards the next correction level 161.8%-1.7255. Emerging divergence in none of the indicator is not observed. Securing the pair below the 100% Fib allows traders to expect a reversal in favor of the U.S. dollar and a fall in the direction of the correctional level of 76.4%-1.5975.

British pound whenever tried to continue its upward trend against the U.S. dollar , but any strong growth wave constantly led to correction of the pair down and removal of stop orders buyers. In general, the bulls have achieved what they wanted, but at what cost? On the day the fair price protection zones are located in areas VAL - 1.6414 and VAH -1.6470. Control point POC was formed in 1.6448.

Forecast for today:

During today's Asian session, the British pound was trading in a narrow sideways channel against the U.S. dollar.

In case of further movement of the pair up , the first level of resistance will VAH from February 11-1.6470 , above which the British can catch POC from January 30 - 1.6480 from which further strengthened with the primary purpose test VAL, January 27-1.6511 and VAL 29 January - 1.6549.

If the Bears will have a strong growth and GBP / USD will be limited , a good level of support for the pair perform VAH region from February 3 - 1.6439 , below which the decline of the pound may lead to test POC from February 10 - 1.6409 and then VAH from February 7 - 1.6385 . Fastening under these levels return GBP / USD to test VAH from February 5 - 1.6341 and then VAH 6 February - 1.6324. The farthest goal is to decline to POC from February 4 - 1.6305.