Pound Dollar insight GBPUSD for November 15, 2017

Pound Dollar insight GBPUSD for November 15, 2017

Pound Dollar insight GBPUSD for November 15, 2017

  • the Pound trading 0.18% lower against US Dollar

  • UK’s consumer price index (CPI) rose less-than-anticipated on an annual basis in October

  • Earlier, a medium strength signal was received to  sell the Pound/Dollar

Cable slides sharply after a minor jump till 1.3135 at the time of writing after weaker than expected UK inflation data. The pair has made a low of 1.30618 yesterday on UK political uncertainty and is currently trading around 1.30952. 

CURRENCY TRADERS Pound Dollar insight Currency pair Pound Dollar GBP/USD is trading at 1.3111. The pair continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the Pound/Dollar pair. Ichimoku Kinko Hyo Cloud is expected to test near the level of 1.3135, from which it is expected to attempt a rebound and fall of the pair with the target near the level of 1.2950.

Earlier, a medium strength signal was received for the sell of the Pound/Dollar pair, due to the crossing of the signal lines at 1.3145 level. The cancellation of the fall of the pair’s quotations will be a breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 1.3195, which will indicate a change in the bearish trend in favor of the bullish trend. Expect the acceleration of the fall in GBP/USD quotations with a breakdown of the level of 1.3060.

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GBP/USD trades weak on soft inflation number, sell on rallies by FxWirePro on TradingView.com


At 10:40 GMT, the pair is trading at 1.3093, with the Pound trading 0.18% lower against US Dollar from the New York close, after data revealed that UK’s consumer price index (CPI) rose less-than-anticipated on an annual basis in October. The pair witnessed a high of 1.3128 and a low of 1.3075 during the session. Yesterday, the Pound traded 0.14% higher against the US Dollar in the New York session and ended at 1.3116. Immediate downside, the first support level is seen at 1.3066, while on the upside, the first resistance level is situated at 1.3128.

DatePriceOpenHighLowChange %
Nov 12, 20171.31211.31651.31801.3119-0.53
Nov 10, 20171.31911.31481.32321.31130.30
Nov 09, 20171.31511.31151.31671.30860.27
Nov 08, 20171.31161.31671.31781.3087-0.39
Nov 07, 20171.31671.31701.31791.3109-0.04
Nov 06, 20171.31721.30851.31771.30580.73
Nov 03, 20171.30761.30591.31321.30390.13
Nov 02, 20171.30591.32451.33001.3043-1.41
Nov 01, 20171.32461.32821.33211.3240-0.28
Oct 31, 20171.32831.32071.32891.31900.57
Oct 30, 20171.32081.31121.32161.31050.60
Oct 27, 20171.31291.31611.31641.3070-0.24
Oct 26, 20171.31601.32641.32811.3147-0.78
Oct 25, 20171.32641.31321.32721.31100.97
Oct 24, 20171.31361.31991.32291.3112-0.46
Oct 23, 20171.31971.31871.32281.31560.05
Oct 20, 20171.31901.31591.32021.30870.24
Oct 19, 20171.31591.32061.32301.3132-0.35
Oct 18, 20171.32051.31911.32121.31400.11
Oct 17, 20171.31911.32501.32891.3154-0.45
Oct 16, 20171.32501.33091.33131.3225-0.28
Oct 13, 20171.32871.32621.33381.32490.19
Highest:1.3338Lowest:1.3039Difference:0.0299Average:1.3180Change %:-1.0632

 
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What is ‘Currency’

A few currencies, like cryptocurrencies, Bitcoin, Dogecoin and other online currencies and branded currencies are not tied to any usa. Branded currencies, like airline and credit card points, or in-recreation credit are valued on the subject of the price of the products or offerings they’re tied to. Manipulate over virtual currencies is totally decentralized, and the exchange price of a virtual foreign money can vary extensively in a quick time frame.

Nearby currencies are currencies intended for exchange over a small location and aren’t nationally subsidized. There are a wide variety of nearby currencies in the u.S.A., which itself has records of nearby currencies earlier than the status quo of the kingdom and countrywide banks. Other instances in which neighborhood currencies had been used include a kind of quasi-local forex within the form of neighborhood authorities ious which have been used as foreign money.

In almost all instances, the valuable financial institution of a rustic has the only right to problem cash for the stream. Along with a prime unit of foreign money, those banks problem fractional gadgets, usually inside the shape of cash. These normally display up as 1/100th, and 1/4th, but can at instances be as small as 1/one thousandth of the main unit of foreign money.

Investors regularly change forex at the forex marketplace, that’s one of the maximum closely traded markets in the global. An trade price is a charge at which two currencies may be exchanged in opposition to every other. These quotes may be ‘floating’ or ‘constant’; floating being that the fee of the currency changes in terms of foreign exchange marketplace mechanisms, constant currency is presently tied to another forex like gold or a currency basket.


 

 


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major currencies: (EUR-USD) (USD-JPY) (USD-GBP) (USD-CHF), (USD-CAD), (AUD-USD) (USDCNY)



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Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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