Currency uncertain entrenched below the moving average with a period of 34 (now a resistance level of 1.6250) but still situated above the moving averages with periods of 55, 89 and 144, which are directed upward and points to the continued bullish sentiment, as well as are a number of levels Support 1.6220, 1.6190 and 1.6160.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 oversold territory and is not currently send a clear signal as the% K line crossed with a line of% D.
Because, trust only one clear signal is very risky, then as a confirmation that the forex market in this currency pair may be amplified in bearish mood, we need to wait for the breakdown of the support level of 1.6220, which will open the path to levels of 1.6190 and 1.6150.
Resistance levels: 1.6250, 1.6275, 1.6325, 1.6340/50
Current Price: 1.6243
Support levels: 1.6220, 1.6190, 1.6150/40, 1.6110/00
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