GBP / USD. Forecast for November 23 2012

Written by Tim T.

The balance of production orders in the UK in November was -21 against expectations of -19. That might have been a deterrent to the growth of cable yesterday, the overall growth of the market.


Today at 13:30 MSK published data on permits issued for mortgage lending in the UK in October against September's forecast 32.3 31.2 value. Investors will also monitor the progress of negotiations on the EU budget at a summit in Brussels. Yesterday, on the first day of the talks, which were almost ripped off, agreements had been reached.
Technically pound in the range of uncertainty 1.5917-1.5952; chart daily scale oscillator Marlin on the zero line, the H4 - the situation is also similar. In the case of price fixing over the trend line resistance 1.5952, 1.5977 can be achieved, then 1.6003. When securing a minimum of 1.5917 yesterday may decline to 1.5880 - 161.8% Fibonacci level, which coincides with the minimum of 21 November.

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