empty
 
 
26.09.2012 10:33 AM
GBP/USD. Forecast for September 26, 2012

 

Mortgage approvals yesterday were above expectations in the UK: 30.5K against 28.6K.
Today, at 14:00 (GMT +3) investors are waiting for CBI retail sales volume balance for September from the UK. The indicator should reach unrevised 6 against -3 in August.
Encouraging data is due from the USA as well. At 18:00 (GMT +3) new home sales for August are released: forecast 381K against 372K in July.
Technically, the price should fix above resistance trend line on daily chart (higher 1.6245) to demonstrate a stable growth. Locally, after 1.6214 is breached, the acceleration is possible to 1.6242, 1.6254 and higher to 1.6278. Support levels are 1.6182, 1.6164.

 

  

This image is no longer relevant
 

This image is no longer relevant

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2026
Summary
Urgency
Analytic
Yuriy Zaycev
Start trade
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $10000 more!
    In January we raffle $10000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback