The British retreated from the minimum

The British pound has retreated from the low of today’s trading, despite the decline in business activity in the services sector of the UK. According to published data, the index of business activity in the services sector of the UK in November fell to around 53.8, against the value of October at 55.6. The pound has retreated from the low of today’s trading due to the partial profit-taking by investors, after a decline in the morning, in anticipation of regular news about the progress of negotiations on Brexit. See Analysis of the American session.

Technical analysis: The pair GBP/USD remains an upward short-term trend. One should consider the main support levels at 1.3340; 1,3300; the resistance levels at 1.3480; 1.3515.

Fig. GBP/USD. The current price is $ 1.3408.

Alexander Sivtsov