Nataly Kambur
Yesterday’s news background prevented GBPUSD from updating the high of 2010.
The currency pair has failed to settle 1.6300 and keeps moving within a range. The option barriers 1.6300 and 1.6232 are still significant. Dealers say the price may go for another test of these levels. In this case everything depends on which one of the levels is broken. The rumors about the demand for the British and Canadian national currencies are still strong.
Yesterday CAD succeeded in updating the high of 2010. In order to do the same GBPUSD will need some favorable news background, which will definitely make the implied volatility of GBPUSD surge.
These are the news that may the currency pair to do it:
13:15 USA - ADP National Employment
15:00 USA - Fed Chairman Bernanke Testifies
Provided by the Department of Options,
Nataly Kambur
