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Pound/Dollar: Expected Growth to 1.5370


As I expected, the pound/dollar passed the balance line on Monday. The pound corrected to 45 degrees in Asia and was trading around 1.5318 at 8:56 EET (minimum: 1.5301). Today will see UK inflation figures out and the rate could start swinging during the following 30 minutes after the figures come out. For Tuesday I’m expecting a growth from the 1.5301 minimum to 1.5368/70.

Hourly Graph


The pound/dollar is consolidating at 1.5340 in a 100 point range. The 1.55 target as part of a W-shape pattern is still on. A fall lower than 1.5260 will see the target drop to 1.5413.

Daily Graph


The pair is holding the road to 1.55. The buyers can’t do anything to lift the pound.

Weekly Graph

14 October, 07:52 (GMT+3)
Euro/Dollar: Expected Fall to 1.1330


Forecasts which are made in the review constitute the personal view of the author. Commentaries made do not constitute trade recommendations or guidance for working on financial markets. Alpari bears no responsibility whatsoever for any possible losses (or other forms of damage), whether direct or indirect, which may occur in case of using material published in the review.

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