empty
28.09.2012 10:12 AM
GBP/USD. Forecast for September 28, 2012

 

The data we got yesterday from the UK was mixed. GDP for the second quarter was finally revised from -0.5% to -0.4%. Balance of payment was much below the forecasts with -20.8 bn pounds instead of -12.2 bn pounds and -15.4 bn pounds in the first quarter. However, the pound managed to hold high levels during the last week despite the European issue. High rollers were holding the purchases back. Probably they knew about favourable decisions Spain was going to make.
Technically, after the price tests Krusenshtern trend line on 4H chart, the growth will continue. On daily chart the price has already crossed resistance trend line. Targets for growth: 1.6288, 1.6335/40.

 

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