Participant

We have a range movement on H1 and the price is trying to break the support of this sideways movement. If the price will close below the support of this range, then we’ll have a bearish momentum on short term. The support can be found at 1,4698 and lower at 1,4634. The US dollar was very strong today after the release of Unemployment Claims indicator, jobless claims has decreased from 291 000 to 282 000 jobs. Tommorow we’ll have other economic indicators from US, the most important will be the Final GDP, the GDP is expected to grow, later we’ll have FED Chair Yellen Speaks.

gbpusd

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