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Pound Target: 1.5645


On Tuesday the pound/dollar was fluctuating in Monday’s range. After a growth to 1.5775, the pair returned to 1.5710. In Asia the rate of the British pound broke the trend line. For me, there’s only one way this is going: down to the 90th gradient. At 12:30 EET there’s a report on financial stability from the Bank of England coming out and M. Carney will give a speech. During that time the volatility on the pound will increase. Now to the Daily tab.


GBP/USD Hourly Graph


The rate of the pound/dollar is trading in Monday’s price range. A break of the 1.5661 minimum will open the road to 1.5644. This is the 38% level. If the sellers manage to pass it successfully, 1.5555 will be targeted. In this case Greece won’t matter.


GBP/USD Daily Graph


The weekly indicators are upward. With the payrolls approaching, pressure on the pound could rise.


GBP/USD Weekly Graph

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