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 1.6000, 1.5970, 1.5950 and 1.5800.MACD histogram is located in the positive zone, but at the moment trying to cross its signal line downwards and thereby generate a signal to sell GBP / USD.
Stochastic Oscillator is in the overbought zone and have already filed such a signal, since the% K line falls below the% D.
Therefore, as a confirmation of what the forex market in a given currency pair can amplify the downward correctional movement, we can only wait for the breakdown of the support level of 1.6140, which will open the path to levels of 1.6080/60 and 1.6030.
At the same time, remember that aggressive buyers GBP / USD may go back to the forex market, if it punched a local maximum of 1.6230.
Traders recall that today at 12:30 MSK. will be published the important fundamental data for the UK - the PMI index for the services sector, which will have a strong influence on the further developments in this currency pair.
Resistance levels: 1.6200/10, 1.6230, 1.6250/60, 1.6300, 1.6330
Current Price: 1.6186
Support levels: 1.6150/40, 1.6110/00, 1.6080/60, 1.6010/00, 1.5950/40
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