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[QUOTE="Antony_NPBFX, post: 195759, member: 38727"] [size=5][b]GBP/USD: waiting for new drivers 26.05.2021 [/b][/size] Good afternoon, dear forum visitors! [url=https://www.tb.marketinstructor.com/?referer1=earnforex.com] NPBFX[/url] offers the latest release of analytics on GBP/USD for a better understanding of the current market situation and more efficient trading. [b]Current trend [/b] GBP is strengthening against USD during the morning session, again trying to recover after the flat start of the trading this week. Investors expect new drivers to appear on the market, but for now they are only sluggishly taking a lead from the US macroeconomic statistics. On Tuesday, additional pressure on USD was exerted by data on the dynamics of new home sales, which reflected a decrease in the indicator by 5.9% MoM in April after rising by 7.4% MoM in March. In absolute terms, sales fell from 0.917M to 0.863M, while the market expected an increase in volume to 0.95M. At the same time, house prices continue to rise moderately as the US economy recovers. Housing Price Index in March accelerated from +1.1% MoM to +1.4% MoM. In turn, the S&P/Case-Shiller Home Price Indices for the same period added 13.3% YoY after increasing by 12% YoY in February. [b] Support and resistance [/b] Bollinger Bands in D1 chart show moderate growth. The price range is narrowing, reflecting appearance of multi-directional dynamics in the short term. MACD is slightly declining preserving a previous sell signal (located below the signal line). Stochastic reversed horizontally approximately at the center of its area, pointing to the temporary balance of power in the ultra-short term. Resistance levels: 1.4200, 1.4232, 1.4275. Support levels: 1.4150, 1.4100, 1.4050, 1.4000. [img]http://businesspr-finance.com/wp-content/uploads/2021/05/GBPUSD260521-33.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2021/05/GBPUSD260521-333.png[/img] [b] Trading tips [/b] To open long positions, one can rely on the breakout of 1.4200. Take-profit – 1.4275–1.4300. Stop-loss – 1.4150. Implementation time: 2-3 days. A rebound from 1.4200 as from resistance, followed by a breakdown of 1.4150 may become a signal for new sales with the target at 1.4050. Stop-loss – 1.4200. [b]Use more opportunities of the NPBFX analytical portal: economic calendar[/b] Be ready for any market changes through global events using the economic calendar on the NPBFX portal. The calendar contains all the most important events of the world economy and prognoses for them. In order to get free and unlimited access to the economic calendar and other useful instruments on the portal, you need to pass a one-time registration on the NPBFX website. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on GBP/USD and trade efficiently with [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/url]. [/QUOTE]
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