Quotes sterling on the foreign exchange market trading on Tuesday retreated to greenbacks, and again approached at least a week. In the UK currency put pressure exerted pessimistic data from the United Kingdom, and interest in the dollar rises against the backdrop of the increased expectations of an increase of the base rate in the coming months.
Currency pair GBP / USD GBP / USD fell to week lows in early trading Tuesday, but the Briton was able to play a part in trading losses in the United States. Resistance is located at 1.3200, support - at 1.3100.
Indicators (MACD and RSI) are located in the negative zone. MACD generates a sell signal. RSI rebounded from oversold area.
Price back above the 50 EMA on the 4-hour chart. EMA 50 and EMA 100 move close to each other at a specified time frame, the EMA 200 located above them. All lines are directed downwards and form a signal to sell.
Forecast GBP / USD today
Indicators recommend opening short positions. An downtrend will start as soon as the pair drops below support 1.3050.
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