Exchange rate still is above the moving averages with periods of 55, 34, 89 and 144, which are the support levels 1.6080/70 and 1.6010/00.MACD histogram is located in the positive zone and just below its signal line, but currently does not deliver clear signals.
Stochastic Oscillator is in the neutral zone and generates a signal to buy GBP / USD, since the% K line rises above the% D.
Because, trust only one clear signal is very risky, 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 1.6120 resistance level and the growth of GBP / USD to levels of 1.6150 and 1.6185.
2. Break of 1.6080/70 support level and lower GBP / USD to the level of 1.6010/00.
Resistance levels: 1.6120, 1.6150, 1.6185, 1.6200/10, 1.6240/50, 1.6275
Current Price: 1.6098
Support levels: 1.6080, 1.6060/50, 1.6030, 1.6010/00, 1.5960/50, 1.5910/00
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