Currencies  |  November 07, 2012 07:01:45

GBP / USD - the calm before the storm?

Currency pair GBP / USD is located on the S / R level 1.6030, which is a few weeks in the middle of the descending channel. This channel is created in the middle but technical triangle formation, which itself began to form at the end of 2008. The value of 1.6030 is historically proven strong S / R level determining support and resistance prices in 1991. Because all traders like pretty numbers, gets the value 1.6030 in itself a touch of magic.
Election of U.S. President with the currency pair GBP / USD so much nezacloumaly and volatility since the beginning of the week is quite low. The course is now at the same level as at the end of last week.
Fundamental macroeconomic data from the UK, but also from the United States, expect tomorrow. So stay the course pair GBP / USD around 1.6030 above mentioned values ??is quite likely.

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