As it was informed by "Market Leader (US)"
GBPUSD volatility forecast for April 21st 2011.
Yesterday GBPUSD managed to consolidate above a significant option barrier at 1.6327.
Now the closest resistance levels are 1.6449 and 1.6500, a psychological level. As expected, yesterday’s fundamental data didn’t have any impact on the expected volatility of the currency pair. The option strategies were getting more expensive only at the expense of the strong movement of the asset towards one of the strikes. There were plenty of reasons for such a movement. Firstly, during the European trading session investors stopped worrying about the BoE’s quantitative easing. During the American trading session numerous US companies published positive statistics. The US Existing Home Sales turned out to be positive as well.