GBP / USD. Forecast for November 22, 2012

Written by Tim T.

Minutes of the last meeting of the Bank of England showed that only one member voted to expand the program of quantitative easing (25 billion pounds).

 With the general market growth pound went up.
The good news came today in China: the index of business activity in the manufacturing sector in China from the bank HSBC in November in the preliminary assessment showed an increase to 50.4 from a revised October with increased value 49.5.
Today at 15:00 MSK published balance of production orders in the UK in November, is expected -19 vs -23 in October.
Technically shaped growth conditions. On the daily chart oscillator Marlin moved into positive territory and the price broke the resistance trend line, the daily candle opened above it. Growth target - the crossing of trend lines and the four-day schedules - 1.6024/28. Interim target 1.6003.

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