Thursday, October 25, 2012

GBP/USD From recession to best GDP figs in 5 years


From recession to best GDP figs in 5 years. UK GDP figures power to the upside as Q3 GDP jumps to 1.0% from -0.4%, -0.3% and -0.3% in Q2, Q1 & Q4 2011 respectively. Markets were expecting a rise of 0.7%.

GBP/USD intraday: further advance.

Pivot: 1.5985.
Our preference: LONG positions @ 1.5995 with 1.6065 & 1.61 in sight.
Alternative scenario: The downside penetration of 1.5985 will call for 1.595 & 1.591.
Comment: the pair has broken above an internal declining trend line and remains on the upside.


Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us www.deryworldscorp.web.id

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