David Cameron and other members of the British government have been on an official visit to China, aimed at signing up a series of trade agreements.
Other issues, including the human rights, have been discussed as well.
Meanwhile, the GBP currency rate keeps on devaluing. GBPUSD is shaping a bearish wave a(C ) or C of level H4. According to the Department of studying Masterforex-V trading system , the downward movement is likely to continue.
Today’s significant news releases (Nov 10th - GMT):
10:30 GB - Bank of England Quarterly Inflation Report
13:30 US - Jobless claims, Import Price Index, Trade Balance
15:30 US - Crude Oil Inventories
Support/Resistance levels:
1,6292 — MF pivot
1.6184 — MF pivot
1,5973 — the current price
1,5950 — the peak of one of the subwaves inside a( C)\C h4 + 150% A h4;
1,5922 — Oanda’s orders + 162% A h4;
1,589 — Oanda’s orders + 62% d1 + 176% A h4.
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