FX.co ★ Last minute burning forecast 25.10.2017

Last minute burning forecast 25.10.2017

GBPUSD: We are waiting for a strong move on the news.

The beginning of the week passed in a narrow consolidation: the market is preparing for the move - probably on the news.

We prefer buying - down to a decline to 1.3030 - because the support line of the uptrend is not broken.

At the same time, selling is also possible with a break of the support line at 1.3020.

A potential for buying at a breakthrough at 1.3240 upwards.

News: on Wednesday at 12.30 London time - the publication of orders for durable goods in the US.

If today the movement is not implemented, there are important news on Thursday: the ECB on rates - and news on the crisis of Catalonia - Spain.

And also on Friday, the release of the US GDP report.