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22.05.201809:35 Forex Analysis & Reviews: Trading plan for GBP / USD pair as of May 22, 2013

Long-term review

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Today, there is not much that can pay attention to since there is no serious data either in Europe with the United Kingdom or in the United States. However, there is a small variety on the government borrowings data in the U.K., which should increase by 7.1 billion pounds. The growth of borrowing did not have any positive effect on the pound, so it may still be a little cheaper, especially considering an absolutely empty macroeconomic calendar.

The GBP/USD currency pair managed to break the flat movement on the lower border of the 1.3440 / 1.3610, where it gradually went lower, but by the end of the day it formed a pullback. Probably, we can assume swaying in the values of 1.3400/1.3440 , with the alignment of trading forces. Positions for sale should be considered only after a clear fixation below the current breakdown of 1.3390. However, a small variety can make data on government borrowings in the U.K.

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