GBP/USD Keeps Growing
LiteForex Europe | Sep 11, 2015 08:49AM ET
During the whole week, the British pound kept growing.
The most important of today’s news comes from the Bank of England at 11:30 am (GMT +3), when the Consumer Inflation Expectations are due. The index shows consumer expectations of the change in prices for goods and services for the next 12 months. Another important piece of news comes from the US, at 3:30 pm (GMT +3), when the Producer Price Index is due.
Bollinger® Bands is moving upwards, while the price is growing towards the upper MA of the indicator. This suggests that the current upward movement is going to continue, at least, to the level of 1.5500.
- Support levels: 1.5440 (middle MA of Bollinger Bands), 1.5382 (lower MA of Bollinger Bands).
- Resistance levels: 1.5500 (upper MA of Bollinger Bands).
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