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05.12.2014 - We are waiting for a strong movement of quotations of the pound

The British pound continues to consolidate within the triangle. Decrease in the amplitude of fluctuations in price gives reason to expect a strong price movement in the near future. Signal for opening long positions with the targets near 1,5960-1,6000 will be breaking through the upper boundary of the triangle and fixing the price above 1.5750. Sell signal will be fixation below 1,5600. In such case quotations may decline to 1.5500 and 1.5300. Increase in volatility is expected after the release of data on the labor market in the US (13:30 GMT). We recommend to wait for a confirmation of the signal for opening positions.

November 3 of USD Performance

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.
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The CIF license of PFX Financial Professionals Ltd has been suspended by the Cyprus Securities and Exchange Commission until the 24th of December 2016. Please click here
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