Volumetric analysis on February 07
Today in England will be published an inflation report, as well as the announcement of the interest rate. Changing the interest rate will not be what is predicted, but the state of inflation can give a reaction to the price. England and its national currency have other problems, rather the inflation. But a positive trend in inflation can support national currency. But we do not change our plans. The basic idea is the sale from resistance 1.3030-1.3100, only the goals of this sale are now two: 1.2970 and 1.2882. Today we will add an idea. The fact is that during yesterday’s day, according to a number of forex brokers, the crowd bought a pair of GBPUSD and hid their feet at yesterday’s and the day before yesterday’s minimum. As a result, we see an accumulation of market orders for sale under these lows and the price for them may impulsively fall down. This breakdown will turn out to be false or not speak early, but you can prepare for it. By the way, it is likely that it is on the news that this breakdown can be realized.
On the general strengthening of the US dollar, we see a confident initiative of sellers on gold asset. If you already have positions from yesterday's trading idea, then you should close them partially on the lines 1305 and 1300. Just as an alternative scenario, you can consider selling from resistance 1312-1316, if the price there is adjusted to the same goals. We are not talking about purchases yet, at least until the price updates 1326.
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