The British currency rose on Thursday against the backdrop of increasing the number of those wishing to stay in the European Union. Results of the referendum scheduled to present publicity on Friday morning.
Foote received support from news background and has grown considerably. The pair rose on average by 0.80%.The tool set a new high of 1.4947. Resistance is located at 1.5000, support - at 1.4900.
Price is above the moving averages (50, 100 and 200) on the 4-hour timeframe. Moving averages are directed upwards. All indicators are in overbought zone. MACD in positive zone, its histogram grew yesterday. If the MACD show a decline, the pair will start downward correction. If the indicator remains in the positive zone, and will continue to grow, we will have a buy signal. MACD began to show the first signs of divergence, and if the signal is confirmed, we expect a reversal of the pair down. Oscillator RSI remained below the overbought zone.If the RSI will remain in place, then we will have a buy signal. In case the oscillator, we get a sell signal.
The pound dollar GBP / USD forecast for today
Couple pointing upwards. The purpose of the bulls - the level of 1.5000. If the price starts to decline, it will go to 1.4400.
Source Fort Financial Services