Forex VPS
Forex VPS
ForexFunction Logo

"Forex trading involves a high level of risk"

Forex VPS
 Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

GBP/USD trades weak after dovish hike by BOE,sell on rallies : FxWirePro | November 3, 2017

Print PDF

Cable declined sharply yesterday following a 25bpbs hike by BOE. The central bank hiked rates as expected for the first time since 2007. But dovish hike by Central bank has pulled down the pound prices well below 1.3100. The pair dipped till 1.30398 at the time of writing. It is currently trading around 1.30570.

BOE revises potential GDP growth down to 1.5% on account of slack in labor market and slow growth in productivity. BOE is expected to have cautious approach for further rate hike and to have only 3 rate hike of 25bpbs for next three years.

Technically, pair is trading slightly below 1.3070 low mad e on Oct 0.20% 27th 2017 and any break below 1.30270 ( Oct 0.20% 6th 2017) will drag the pair till 1.2780 (233- day MA).

On the higher side, near term resistance is around 1.3080 (100- day MA) and any break above will take the pair till 1.3130/1.3175 (55- day EMA )/1.3230. Minor trend reversal only above 1.3380.

It is good to sell on rallies around 1.3080 with SL around 1.3150 for the TP of 1.2785.


Submit Your Comments:

 Forex Trading VPS


Windows 2008/2012 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
Economy buy now2 Core 756MB 15GB 1TB $6.50/M$6.20/M$5.90/M $5.50/M MT4 Pre-InstalledYesFree
Standard buy now 2 Core 1GB 25GB 1.5TB $8.50/M$8.20/M$7.90/M $7.50/M MT4 Pre-InstalledYesFree
Premiumbuy now 2 Core 2GB 40GB 2TB $16/M$15.50/M$15/M$14.50/M MT4 Pre-InstalledYesFree
Advanced buy now4 Core 3GB 60GB 2.5TB $26/M$25/M$24/M $22/M MT4 Pre-InstalledYesFree
Professionalbuy now 4 Core 4GB 80GB 3TB $33/M $32/M$31/M$29/MMT4 Pre-InstalledYesFree
Business buy now 4 Core 6GB 100GB 4TB$46/M $45/M$44/M$42/MMT4 Pre-InstalledYesFree
Platinum buy now 4 Core 8GB 120GB 6TB $59/M $58/M$57/M$55/M MT4 Pre-InstalledYesFree
Diamond buy now 4 Core 12GB 180GB 8TB $89/M $87/M$85/M$81/MMT4 Pre-InstalledYesFree

***We accept Neteller, Skrill, MasterCard, Paypal, Payza, Perfect Money, Webmoney !