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.