FX:GBPUSD   British Pound / U.S. Dollar
27 0 3
Current trend

Yesterday, the GBP managed to strengthen against the USD despite a decline at the close of trading.
The National Statistics released UK Retail Sales data for October. After a 1.7% rise in September, the indicator came in at -0.6%, below the forecasted -0.5%. Retail Sales ex-fuel also fell by 0.9%, while analysts expected a decline by 0.5%.

Initial Jobless Claims statistics, released in the US, confirmed the forecast and indicated a decline from 276K to 271K in November. At the same time, according to Philadelphia Fed Manufacturing Survey, the index of manufacturing conditions came in at 1.9 points, well above the forecasted -1.0 and the previous -4.5 points.

Recent FOMC Minutes showed that a majority of Fed officials favor a hike in the US interest rates at the upcoming Fed meeting.

Support and resistance

Support level: 1.5254 (MA50).
Resistance level: 1.5335 (yesterday's high).

Trading tips

Short positions can be opened from the current level with the target at 1.5171 and stop-loss at 1.5250.
More analytic from LiteForex:
English https://www.liteforex.com/trading/forex-analysis/?uid=880952068&cid=12118
Malay https://www.liteforex.my/trading/forex-analysis/?uid=880952068&cid=12118
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out