Currency is sandwiched between a moving average with a period of 34 (the resistance level of 1.6130) on the one hand and the middle with periods of 89 and 144 (support levels 1.6000 and 1.5900) on the other.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 generates a similar signal as the% K line falls below the% D.
Despite two clear signals, as evidence 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 1.6060/50, which will open the path to levels of 1.6010/00 and 1.5950.
Resistance levels: 1.6100, 1.6130, 1.6150, 1.6170/80, 1.6200/10, 1.6240/50, 1.6275
Current Price: 1.6063
Support levels: 1.6060/50, 1.6010/00, 1.5970, 1.5950/40, 1.5890/80, 1.5850, 1.5820
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