GBP / USD: general analysis
of currentI speaker
Tuesday quotations pair GBP / USD
continued to rise, despite the release of weak preliminary GDP data
Great Britain. According to estimates of the National Bureau of Statistics of the United Kingdom, GDP
quarterly terms grew by 0.3%, indicating a deceleration
economic growth. This was the lowest since 2013. Therefore
way decreased from 3% to 2.4% in annual equivalent GDP.
Growth of the pound against the US dollar was due
the publication of negative data on US confidence index
consumers, it turned out to be much worse than expected and amounted to 95.2 points. Also
Note that the previously published weak data on the leading branches
US economy suggest that at today's meeting
Fed interest rate will not be changed.
Support and resistance levels
The nearest resistance level is 1.5392 price - a maximum of trading on March 3.
Levels of support is the mark: 1.5261 - a maximum of trading on Monday
and 1.5189 - a maximum of the last week.
In this situation it is necessary to open short positions with the aim of 1.5261 and protective orders in the area
1.5392.
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