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It is estimated that the greenback will maintain the current range, but may suffer some losses next week. John Thain recognizes the significance of this. U.S. data likely to be published next week, confirmed recessionary fears, so be prepared for more volatility. GBP / USD Resistance 3: 1.6830 Resistance 2: 1.6750 Resistance 1: 1.6680 New York: 1.6097 Support 1: 1.6000/10 Support 2: 1.5920 Support 3: 1.5800/10 volatility decreased slightly when the pair was corrected to the support area. The pair reached the retraction fibonacci and the area of resistance, so a reversal is likely.
You may even rebound, but queen high volatility. Aggressive traders can buy now, but high volatility is expected. Several traders took profits and sovereign states were on the scene, with respect to the pound and the euro. And above all operators in the Middle East. Monday: All times EASTERN (-4 GMT) 5:30 a.m. 24:00 GBP GBP Manufacturing PMI King, governor of , will speak EURO / USD Resistance 3: 1.3350 Resistance 2: 1.3300 Resistance 1: 1.3229/30 New York: 1.2742 Support 1: 1.2660 Support 2: 1.2580 Support 3: 1.2500 Comments The pair did not vary much, was around the 1.2000 area.
A pullback is likely, and may even reach the 1.2700 area. The improvement in the stock market helped boost the price of par. The pair came under pressure and it is advisable to buy. It is expected more volatility. The oil also added pressure, but the pair remained firm, if oil can be picked up that takes the pair with him. Double action is awaited. Traders note official names overnight this time. Several traders took profits despite the uncertainty in the market. Monday: All times EASTERN (-4 GMT) 5:00 a.m. EUR Final Manufacturing PMI for more information please access to foreign currency trading (FOREX) involves the existence of losses due to the risk inherent in any transaction. It is likely that FOREX trading is not suitable for all investors. You should determine whether trading is suitable in your case and should take into account your circumstances, knowledge, and financial resources. You may lose all or more than your initial investment. The opinions, financial information or on markets, and recommendations are subject to change at any time. The information contained in this bulletin does not constitute or states that you should buy or sell through FOREX Core Financial Group Inc., and / or affiliates, and should not be available to individuals in a jurisdiction where the making available of the above would be contrary to local regulations.