U.K. Third Quarter GDP Down 0.4%, Sell GBPUSD On Rebound!

The U.K third Gross Domestic Product fell 0.5%, to 0.4% in the three months, ended sept 2015, missing forecast 0.5%…

(Year-Over-Year) third Gross Domestic Product also fell 2.1%, from 2.3% missing forecast of 2.3%…

Market impact: This development should keep the pair under pressure, according to the 4- hour chart, the pair is in a recovery mode at the moment, immediate resistance comes at the 1.4865 levels ahead of the 1.4900, further upside reisstance comes at the 1.4950…Immediate support comes at the 1.4825 levels, below this level will open 1.4750 levels…

Further Reading

[srp post_limit=’1′ display_thumbnail=’yes’ thumbnail_height=’80’ thumbnail_width=’90’ thumbnail_link=’yes’ post_date=’no’ string_break=’…’ post_title_header=’H4′ widget_title_hide=’yes’ post_include=’30567′ post_content_length_mode= ‘words’ post_content_length=’20’]

MARKET DATA

UPCOMING ECONOMIC EVENTS