Overview pound dollar 04/12/2016
Market participants expect that the oil market quotes black gold once again will update the March high, it has a positive impact on the British, since there is a direct correlation between the two instruments. On the credit market investors are also optimistic: Albion paper showing growth in US bonds and German.
Growth resumed the pair Pound Dollar and the exchange rate exceeded the level of 1.4160. Later quotes could test the 1.4240 mark.
In the area of 1.4160 is the first support below - 1.4080. In the area of 1.4240 is the first resistance, above - 1.4320.
A sell signal is strong and confirmed. The price is below the Ichimoku cloud and Chinkou-Span is above the price level. Tenkan-sen shows the upward movement and the Kijun-sen - the horizontal, and form a "Golden Cross". The urgency of the downward movement will continue as long as the price is below the Ichimoku cloud.
The MACD histogram is located on the ground level. The price is adjusted.
In the area of 1.4160 held the first target reduction, then the goal is represented at the level of 1.4080.
Source Fort Financial Services