Analysis & Research


GBPUSD / 28/01/2015 11:17:41 - 1,51 Level is Important

Yesterday England GDP data stay remained below expected both quarterly and yearly basis. But the UK's economy grew by 2.6% in 2014(yearly), the fastest pace since 2007 and up from 1.7% in 2013, official figures have shown. On the other hand durable goods orders came in lower than market expected in the US. Also durable goods orders declined compared to the previous year. But consumer confidence and new home sales data stay remained above expectations.


Today FED’s rate decisions and policy statements will be followed in the US side.


Technically in case of the pair breaking the 1,52 resistance level, then the upward movements would be rising. But in case of the pair staying below the 1,52 resistance level, then the 1,5150 and the 1,51 level would be aimed. 

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