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[QUOTE="SOLIDECN, post: 212424, member: 80239"] [HEADING=1][JUSTIFY]GBPUSD - Quotes have overcome all obstacles on the way to the 2020 minimum[/JUSTIFY][/HEADING] [JUSTIFY]Inflation in the UK reached 10.1% in annual terms, and the Nationwide house price index in August was 10.0%, and over the winter period, according to many analysts, they can grow even more. In addition, the yield of 10-year British bonds increased by more than 90 basis points, and 2-year securities — by 100 basis points. An additional negative factor for the pound remains the political uncertainty caused by the election of a new leader of the Conservative Party and the Prime Minister of the country. Foreign Minister Liz Truss and former Chancellor of the Exchequer Rishi Sunak are running for the post, and the name of the winner will be announced early next week. The reaction of the British currency to the results can be unpredictable, so investors are currently continuing to monitor the rhetoric of both candidates. In turn, the USD is strengthening due to the tightening of the monetary policy of the US Fed. Investors' attention will be focused on the August data on changes in the number of people employed in the non-agricultural sector, which will be published on Friday at 14:30 (GMT+2). It is expected that the indicator will be adjusted from 528.0K to 300.0K. If the actual value turns out to be close to the forecast or exceeds it, then the USD is likely to continue to strengthen. [img]https://i.ibb.co/fMckN5w/gbpusd-1.png[/img] The long-term trend is downward. Market participants have broken down the support area of 1.1768–1.1695 and the next target is to update the 2020 minimum in the area of 1.1440. [img]https://i.ibb.co/B2mR67W/gbpusd-2.png[/img] Within the framework of the mid–term downtrend, market participants have reached the target zone 2 (1.1572–1.1536), in the event of a breakdown of which the decline is likely to continue with a target in target zone 3 (1.1212-1.1176). The key resistance of the trend is shifting to 1.1964–1.1928. [B]Resistance levels[/B]: 1.1695, 1.1768 | [B]Support levels[/B]: 1.144, 1.13[/JUSTIFY] [/QUOTE]
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