STERLING POUND GOING TO 1 ,5950?

Hi everybody it's a pleasure to write again and today I prepared the technical analysis on GBPUSD currency pair.Last week it seems that bears take control on GBPUSD ,the uptrend  period momentary it's over.

Concludent example it represent a series of economic indicators that were published last week.In October 2013 exports and goods in the UK decreased by 0,5 billion pounds to 12,1 billion,also the RICS (Royal Institution of Chartered Surveyors)  Hause Price Balance increased to 58% from 57% but was much lower than economists forecast.Industrial production rose 0,4 % in October and also manufacturing production rose with 0,4 % .

Last week depreciation of pound comes amid of us economic data.In October US added 203 k more jobs,retail sales rose in November at a solid peace americans bought automobiles and other goods.For next week the main event it's with no doubt Federal Open Market Committe  where will be presented economic projections.Remains to be seen if the FED will start to taper assets purchases

                                                                      TECHNICAL ANALYSIS

On gbpusd started with monthly charter you can see that sellers take out the control,important to see how will close this candlestick at the end of the month.On weekly chart the hammer candlestik emphasize that gbpusd is going to an downtrend and moreover here you can see that we have a continues bearish divergence and the profit target will be 1 5950.
In conclusion for the week 16-20 December on GBPUSD I've bearish views.And don't forget investing in fx,stocks and commodities markets implies high risks.

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