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[QUOTE="MikhailLF, post: 129697, member: 42242"] [b]GBP/USD: general review[/b] [b]Current trend[/b] The pound fell by over 200 points against US dollar in view of release of exit polls data. According to them, the possibility that the Concervative Party may lose its absolute majority in the Parliament remained. Prime Minister Theresa May called for an early election hoping to get far bigger advantage, and the results of the election were truly shocking. Thus, according to recent BBC data, the conservatives are expected to get 318 places out of 650, and the Labor Party is to receive 267 places. The Brexit process becomes even more uncertain now which will add risks for the pound in the short and medium term. The main item of the agenda today is the results of the UK election. After the release of the official data the market is expected to become volatile. [b]Support and resistance[/b] Support levels: 1.2700. Resistance levels: 1.2750, 1.2780, 1.2800, 1.2850. [b]Trading tips[/b] Short positions may be opened from the level of 1.2670 with target at 1.2600 and stop-loss at 1.2700. Long positions may be opened from the level of 1.2780 with target at 1.2850 and stop-loss at 1.2750. The period of implementation is 1-2 days. [IMG]http://savepic.net/9382144.png[/IMG] [/QUOTE]
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