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 1.6050, 1.5990, 1.5970 and 1.5825.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 generates a similar signal as the% K line falls below the% D.
Therefore, we expect that the correction will continue, and its potential targets are located at 1.6060/50 and 1.5970.
Traders recall that today at 11:00 MSK. will be published house price index from HBOS, the data can have a strong impact on further developments in this currency pair, in addition, at 16:30 MSK will be published the important fundamental data - change in the number of people employed in non-farm sector of the U.S., which will have a strong influence on the whole forex market.
Resistance levels: 1.6150, 1.6175, 1.6200/10, 1.6230, 1.6250/60, 1.6300, 1.6330
Current Price: 1.6128
Support levels: 1.6110/00, 1.6080, 1.6060/50, 1.6010/00, 1.5990, 1.5970, 1.5950/40
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