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[QUOTE="AlexanderLiteForex, post: 58533, member: 22090"] [b]GBP/USD: USD will continue to grow[/b] [b]Current trend[/b] Last Friday the pair GBP/USD went up despite negative macro-economic statistics on British production output. The pair was supported by the US labour market statistics. It became known that number of new jobs outside agricultural sector decreased to 113 thousand against the forecast of growth of 185 thousand. The Pound gained over 100 points against the USD and consolidated at the level of 1.6410. Today’s economic calendar is uneventful; however attention shall be paid to the data on overdue mortgage payments in the USA. [b]Support and resistance[/b] Growth in the pair is likely to be temporary, while the USD will continue to grow regaining Friday’s losses. In the medium-term the pair will gradually fall to resistance level of 1.6250 and Fibonacci line of 50% (1.6170). Support levels: 1.6250, 1.6170, 1.6100, 1.5920. Resistance levels: 1.6430, 1.6540, 1.6600, 1.6660. [b]Trading tips[/b] It is recommended to place sell orders with profit taking at 1.6250-1.6170. [img]http://www.liteforex.com/uploads/other/87947f3c24aab65d46f5390c75ae2943.png[/img] [i]Dmitry Likhachev Analyst of LiteForex Group of Companies[/i] [/QUOTE]
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