Are already near that level GBP / USD has found strong support, then gradually began to regain earlier losses incurred.Exchange rate still is above the moving averages with periods of 34, 55, 89 and 144, which are directed upward and points to the continued bullish sentiment, as well as the next support levels are 1.6090, 1.6010/1.5990 and 1.5850.
MACD histogram is located in the positive zone, but below its signal line, continues to gradually decline, and thereby sends a signal to sell GBP / USD.
Stochastic Oscillator is in the neutral zone and creates an opposite signal, since the% K line rises above the% D.
The contradiction in the signals that serve indicators, leads us to the fact that the most correct decision now - to stay out of the forex market and focus on the next strong support and resistance levels.
There are two options:
1. Break of 1.6150 resistance level and the growth of GBP / USD to levels of 1.6240/50 and 1.6275.
2. Break of 1.6060/50 support level and lower GBP / USD to levels of 1.6010/1.5990 and 1.5950.
Resistance levels: 1.6150, 1.6175, 1.6200/10, 1.6240/50, 1.6275, 1.6300
Current Price: 1.6137
Support levels: 1.6110/00, 1.6080, 1.6060/50, 1.6010/1.5990, 1.5970, 1.5950/40
Translate this page
