Daily Analysis GBP/USD - Thursday, 26/03/2015
For the British pound has witnessed yesterday the issuance of the change in mortgage approvals, which rose from 36 500 to 37 300 on a monthly basis and better than expectations, which had been monitoring a height of 36 900 approval, and today at 12:30 GMT Markets are looking forward to the release of retail sales, where is forecast to rise by 0.4% on a monthly basis compared to the signal decreases by 0.3% in the previous reading, and at two pm will be issued industrial sales index is forecast to rise from 1 to 16 on a monthly basis
Technically still located at 1.4840 support level held trades GBP dollars above the support of the uptrend triple pivot, which may make the picture in front of us as a model triangle on the pair is an uptrend in addition to the existing resistance at 1.4989 levels, which makes us in front of two scenarios for the pair and are either Login buy with penetration resistance 1.4989 targeting 1.5100, while the alternative scenario, a sale with a broken uptrend targeting 1.4730 zones
