Market Leader informed
The decline of GBPUSD makes it possible to test the lows of early August 2010.
Currently GBPUSD is close to the optional barrier at 1.5500. Getting over it will allow us to expect further decline down to the optional levels 1.5400 and 1.5300. The positive dynamics recovery of the currency pair may be considered only after the price gets over the 1.5700 optional barrier and settles above it while restoring the interest in buying the British Pound.
The last day of November 2010 is not expected to carry any significant news on the British economy, so the volatility of GBPUSD will probably stay the same. However, it can be increased by the Eurozone news at 10.00GMT, including Unemployment Rate and CPI Flash Estimate, as well as Unemployment Change in Germany (8.55GMT). The volatility can also be influenced by Chicago PMI (14.45GMT) and CB Consumer Confidence (18.00GMT).
Provided by the Department of Options, Masterforex-V Academy
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