Market Leader informed
Dmitri Medvedev, President of the Russian Federation, and the British Prime Minister David Cameron have come to an agreement about improving the top-level relations between the two counties. The Russian President has also invited Mr. Cameron to visit Russia in 2011.
After the talks with the British Prime Minister Dmitri Medvedev told reporters that Russia and Great Britain are ready to cooperate as their stands coincide on a number of important issues.
The tech analysis of the GBP currency rate.
At Forex GBPUSD has terminated downward wave A H6 (1.6297-1.5949). Correctional wave B (1.5949-1.6177) makes up 61.8%. The MF pivot at 1.6255 defends wave B, a breakout of it will prompt shortened bullish wave C.
On its way up the price has completed wave A of level H3 (1.5949-1.6177). It is currently shaping wave B defended by the MF pivot at 1.6015.
Today’s news:
07:00 GER - Prelim GDP
10:00 EU - Prelim GDP
10:00 EU - Industrial Production
14:55 USA - U. of Michigan Confidence
S/R levels:
1.6255 – MF pivot
1.6230/15 - 123.6%+23.6%
1.6203 - 111.8%
1.6177 - Н3 FZR+ sell limits
1.6049 – the current price
1.6036 - 61.8%
1.6015 – MF pivot+ buy limits
1.5949 - Н6 FZR + buy limits
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