Forex Zone (Forex Zone)
Currencies  |  October 04, 2010 07:51:56

Where will the GBP / USD? (4.10.2010)



Penetration rates for steam 1.5700 GBP / USD (which was the Fibonacci 61.8% return, see a black line in the graph) indicates that this pair is more bullish than bearish. The couple moved in last week's tie in the range and if the price breaks through around 1.5922 is more likely to arrive to the resistance level at 1.6000, which is still the highest price so far this year. This week will be the publication of important reports on the British economy, which will have significant impact on the further development of the pair GBP / USD. From our perspective we do business only on a couple of LONG and now the trend lines is a good start in business.

Specific dates and times of significant economic news on GBP / USD in Czech, you can follow in Forex-Zone.cz

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