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[QUOTE="AlexanderLiteForex, post: 47504, member: 22090"] [B]GBPUSD: expected rebound up to 1.5000 1. Current trend of GBPUSD[/B] Last Friday the pair was still declining because of the positive statistics of the Nonfarm Payrolls. In spite of the estimated 162 000 the figures had reached the level of 195 000. Favorable figures consolidated American dollar and GBPUSD fell to the new local minimum 1.4855. After an abrupt descent investors are apprehensive about depositing to the oversold pound. However if we consider future macroeconomic data, the pound will have an opportunity to restore its position. Leaders of Bank of England are going to broach an issue of changing of monetary policy. The majority makes a stand against increasing the volume of asset purchase program, referring to positive macroeconomic statistics and British economic recovery. [B]2. Important levels: support and resistance[/B] In the near future it is probable for the pair to go down and to reach key support level. The fall will be followed by a considerable rebound up to 1.5000, 1.5050. Many analytics and investors assume the consolidation up to 1.5200 to the begging of August. We also can not ignore the possibility of resistance level of 1.4840 breakdown. This scenario is highly probable if The Bank of England decides to enlarge the asset purchase program or if the third round of Quantitative easing of FRS curtails. [B]3. Best entry/exit points[/B] It is suggested to open long positions with Take Profits at 1.5000-1.5050. [B]4. Supporting facts[/B] MACD histogram on the four-hour chart is in the negative zone under the zero lineand is directed downwards. It means the “bearish” trend will continue. [IMG]http://www.liteforex.com/uploads/other/5bca1fdae025fc4e697f1cbcd3c0a357.png[/IMG] Dmitry Likhachev Analyst of LiteForex Group of Companies [/QUOTE]
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