Technical
GBPUSD Looking to Head Back Down After Technical Correction;Pair is Overbought!
Today we are going to take a look at GBPUSD also known as Cable. In the medium term, the pair is trading sideways having a support around the 1.59 area and aresistance around the 1.62 area. Currently its making an attempt to go back up again however based on our stochastics oscillator momentum seems to be slowing down and we believe it will likely go back down again.
To read the full trading recommendation, please click this link:http://metisetrade.com/index.php/research
Fundamental
Japanese Exports Soar as a Weaker Yen Boosted Sales of Major Exporters.
Japan's exports rose a stronger-than-expected 18.6 percent in October from a year before, notching up the fastest gain in over three years thanks to the weak yen and a pick-up in overseas demand, data on Wednesday showed. The rise compared with an 11.5 percent increase in September and market expectations in a Reuters poll for a 16.5 percent gain.
To read the full trading recommendation, please click this link:http://metisetrade.com/index.php/research
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