Monday, August 4, 2014

Technical Analysis - GBPUSD, D1

5:09 AM

Pound remains under pressure spreader. The nearest support for the course should be the level 1.6801, however, the interval D1, we see that declines may reach up to 1.6701, where there is a demand zone. Today we had data from the UK regarding construction PMI, which was read at a level similar to the consensus, which did not give reasons for the growth rebound. So we are still under the influence of supply and the search space to the conclusion upward position may be risky.

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