Currency is sandwiched between a moving average with period 34 (the resistance level of 1.6190) on the one hand and the middle with periods of 89 and 144 (support levels 1.6120 and 1.6075) on the other, and is currently testing the average with period 55.MACD histogram crossed the zero line from the top down, now located in the negative zone and 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 currently does not generate clear signals.
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 1.6190 resistance level and the growth of GBP / USD to levels of 1.6250 and 1.6275.
2. Break of 1.6120 support level and lower GBP / USD to levels of 1.6075 and 1.6020/00.
Resistance levels: 1.6190, 1.6240/50, 1.6275, 1.6300/10
Current Price: 1.6155
Support levels: 1.6120, 1.6100, 1.6075, 1.6050, 1.6020/00
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