02 December 04:25 AM
Yesterday GBPUSD tried to restore its positions against USD after the unsuccessful breakout of the option barrier at 1.5500.
After that the currency pair returned to the option level at 1.5600. Now it is located above it. In case the 1.5650 option barrier is successfully overcome, the British currency has high chances to reach the option barrier at 1.5700 and higher. Independent dealers note that an English clearing bank shows interest in buying GBP. The participation of such a big-scale player increases the chances of GBP to regain the lost ground against USD.
The volatility of GBPUSD may increase as the result of the following news releases:
09:30GMT – GB Construction PMI
10:00GMT – EU Producer Price Index (PPI) and Revised GDP
12:45GMT - EU ECB Interest Rates
13:30GMT – US Unemployment Claims
13:30GMT - US Unemployment Claims
Provided by the Department of Options, Masterforex-V Academy
You are free to discuss this article here: forum for traders and investors
Text: Andrei Vereshchagin
No comments:
Post a Comment