In Poland today there was important political event. Prime Minister of the new government Beata Szydło gave expose. Very nervously was at PLN where high were established before that event. Finally, nothing alarming has been said. For example: Reduction of the CIT tax (corporate) to 15% and support for small and medium businesses, nothing about credits in CHF and “development, development, development”.
After expose there was a slight decline on GBPPLN but in the longer term it moves upward. The correction that took place in August and September was fibo 61.8% of the previous 3-month upward movement. Uptrend can be continued and the next important resistance is much higher at level 6.3500. Alternatively, if current break above 6.0000 will be a fakey (false breakout) and price will return below that level there will be a plenty of supports to break. Nearby: 5.9750, 5.9100, 5.8700.
Time-frame D1
Try FX GROW. Spread from 0.00001 also STP/ECN execution, full transparency.
Time-frame Monthly
