After a series of internal staffs who could hold just over two weeks under a 61.8% Fibonacci level, the pound sterling's downtrend against the U.S. dollar continued initially. With yesterday's "closing price" of the eruption took place from the outer range of the rod, which extends from 1.5890 to 1.6092 USD and in the daily candle from 01.11. is seen. In the course of today's Asian session, the stock prices fell further after initially clear and finally passed the 1.58 mark it. Finding the market does not stop, the next possible support in the range of $ 1.57 identify. Multiple contact points on the course mark, first talk to a certain strength. Impetus for the further price development and increased volatility are possible today with the following economic and speech events:
10:30 GB November labor market data
11:30 GB BoE's King says President
11:30 GB Bank of England Inflation Report (BoE)
14:30 U.S. consumer prices in October
15:15 U.S. capacity utilization
15:00 U.S. International Capital Flows September
15:15 U.S. industrial production in October
16:30 U.S. EIA oil market report (week)

16/11/2011 GBPUSD - daily

GBPUSD 16/11/2011 - H4