The British pound on Thursday fell by 63 points, entrenched under the nested trend line of the downward price channel, and now, its goal is 1.2622, supported by the subsequent line of the price channel. To push the pound to a further decline today, data on US GDP for the 3rd quarter may be, the forecast of 3.3% is a very optimistic figure. On the four-hour chart, the leading indicator Marlin does not give reversal signs. We are waiting for the continuation of decline.
The material has been provided by InstaForex Company – www.instaforex.com
GBP / USD
The British pound on Thursday fell by 63 points, entrenched under the nested trend line of the downward price channel, and now, its goal is 1.2622, supported by the subsequent line of the price channel. To push the pound to a further decline today, data on US GDP for the 3rd quarter may be, the forecast of 3.3% is a very optimistic figure. On the four-hour chart, the leading indicator Marlin does not give reversal signs. We are waiting for the continuation of decline.
The material has been provided by InstaForex Company – www.instaforex.com
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