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FOREX: Technical analysis 10.01.2013

10.01.2013

Market Review

GBP / USD

News background:

Pair gets good support on expectations that the Bank of England left its monetary policy unchanged. Besides good statistics on the growth of China's trade balance has a positive effect on the attitude of investors to risk.

Technical picture:

From a technical point of view continues to be in a couple of short sideways. Price above the EMA 5 and crosses EMA 21 and is located above the center line of the Bollinger Bands.

Oscillator Stoch. indicates a strengthening of the pair up. The RSI shows the probability of further growth of the pair.

Trading recommendations. Buy a pair, if it consolidates above 1.6050 to 1.6115 with a local.

Technical analyst at Forex Bulygina Marina.

Analytical department of Grand Capital

*Recommendations listed in this article, can not be used as a base for the direct actions.

Author: admin

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