At a meeting held last week, the Bank of England in its decision to keep the rate and redemption program unchanged again and disappoint the markets, and gave them hope. However, it was noted that the decision may be reviewed before the end of the summer, thus the interest of investors to the risk remains, despite some limitations.
the negative sentiment in the market persist. On Friday, the pound fell to a 2-week highs after US data supported the dollar. Sterling lost about 1.20% of the trading day. Resistance is located at 1.3300, support - at 1.3100.
MACD fell. If the indicator bar graph will enter negative territory, it will point to the strengthening position of sellers. RSI rebounded from overbought zone, indicating that sellers gain positions.
On the 4-hour chart is trading in a limited 100-the EMA and the 50-EMA. Moving averages (50, 100 and 200) are directed downwards.
Forecast GBP / USD today
There is the probability of continuation of decrease in pair GBP / USD. To resume the bearish trend requires a breakdown of support 1.3100.
Based on materials from Fort Financial Services