On Friday the British pound grew moderately amid the trends on the market. Meanwhile, continuation of growth is expected today amid positive pertaining to solution of Cyprus’ problem.
Today at 13:30 GMT+4 data on UK BBA Loans for House Purchase in February is issued, forecast is 33.6K against 32.3K. Britain places 10-year and 30-year yields.
At 21:15 GMT+4 Mervyn King, Governor of the Bank of England, delivers a speech simultaneously with Ben S. Bernanke.
Technically, we expect the Fibonacci extension will be tested on the H4 in the area of interjection with Fibonacci level 314% – 1.5286, then the level of Fibonacci 314% – 1.5308. The third target is the range of the Fibonacci levels on the H4 271% – 261.8% -1.5370/85, which on the H4 corresponds to the level of interjection of Kruzenshtern line (blue sliding) with the trendline.
The material has been provided by InstaForex Company – www.instaforex.com
On Friday the British pound grew moderately amid the trends on the market. Meanwhile, continuation of growth is expected today amid positive pertaining to solution of Cyprus’ problem.
Today at 13:30 GMT+4 data on UK BBA Loans for House Purchase in February is issued, forecast is 33.6K against 32.3K. Britain places 10-year and 30-year yields.
At 21:15 GMT+4 Mervyn King, Governor of the Bank of England, delivers a speech simultaneously with Ben S. Bernanke.
Technically, we expect the Fibonacci extension will be tested on the H4 in the area of interjection with Fibonacci level 314% – 1.5286, then the level of Fibonacci 314% – 1.5308. The third target is the range of the Fibonacci levels on the H4 271% – 261.8% -1.5370/85, which on the H4 corresponds to the level of interjection of Kruzenshtern line (blue sliding) with the trendline.
The material has been provided by InstaForex Company – www.instaforex.com