The pressure on the British currency remained last two weeks. Weakening of the pound helped restart BoE stimulus program, as a result of the national currency has reached the minimum annual levels. Sterling is back below 1.3000, as launched a policy of easy money, the purpose of which is to limit the British economy from the possible negative consequences Brekzita.
Pound remains under pressure, despite the weakening of the dollar. Sterling attempted to rise, but the 50-EMA has restricted its growth. GBP / USD pair back towards 1.2900 support. Resistance is located at 1.3100, support - at 1.2900.
MACD and RSI indicators continue to shape a sell signal.
On the 4-hour chart, the 50 EMA acts as resistance, from which price rebounded down. EMA-50, 100-EMA-EMA 200 and directed downward.
Forecast GBP / USD today
Overall sentiment remains bearish them , and can be expected to decline to the support 1.2900.
Fort Financial Services