Participant

The rate has reached the downtrend line after today’s rally. Looks like the price will break the resistance line, trying to reach new highs. The price has take out the former resistance from 1,5270. The Bank of England maintains the Official Bank Rate at 0,50%. The United States Trade Balance has decreased unexpected to -46.6B, this is negative for dollar. Tomorrow we’ll have the NFP and the Unemployment rate from US, so be careful, we can have some volatility in the market.

GBP/USD

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