Serj Panchuk
Yesterday GBPUSD consolidated above 1.6449 and was moving in a range during the entire trading day. The closest important support and resistance levels are 1.6449 and 1.6565 correspondingly.
As the news background was absent at the beginning of the week the volatility level remains low. Options were growing in price thanks to the confident movement of the underlying assets.
There are many significant news releases scheduled for today. They well may increase the volatility of GBPUSD. The UK news block is to come out at 8:30GMT while the US news block is scheduled for 12:30GMT. Also the Fed Res Chairman Ben Bernanke is going to make a speech today.
Al the above-mentioned cannot but gladden those who buy volatility.
Provided by the Department of Options,
Serj Panchuk
