On Friday, the pound sterling was supported by positive data from the UK, contributing to the growth of the pair. Meanwhile, the US currency remains under pressure against the background of the decision of the American regulator for monetary and monetary policy.
The pound rose to a 11-day high as the dollar came under pressure from the US GDP data which came out worse than expected. Trading instrument rose nearly 130 pips and set a new high at 1.3300. This is the highest level since July 18. Resistance is located at 1.3300, support - at 1.3100.
MACD is in the positive zone. Histogram rose, indicating the strengthening of customer positions. RSI is sent to the overbought zone, which is a signal to buy.
The price has broken the 100 EMA and fixed above it on the 4-hour chart. Moving averages (50, 100 and 200) are directed downwards.
GBP / USD forecast for today
On the pair trading GBP / USD has the potential to increase against the background of a weak dollar. Level of 1.3300 - is the first target for the buyers.
Forecast Fort Financial Services