Forecast GBP / USD 02.05.2016
British government bonds show the debt market yields to rise shtatovskih opponents, thereby increasing interest in the assets of the English, which has a positive effect on the cost of the British currency. At Friday's auction United Kingdom has published a number of weak releases. As shown by the data, net lending to individuals rose to 9,3V, with projections save on a 5.0 volt.
Tool tested the level of 1.4670. The maximum in the area of the mark has restricted growth. Of this area, briefly quotes corrected.
In the area of 1.4560 is the first support below - 1.4480. In the area of 1.4670 is the first resistance, above - 1.4760.
A buy signal is strong and confirmed. Price is above the Ichimoku cloud and Chinkou-Span is below the price level. Tenkan-sen shows the horizontal movement and the Kijun-sen - upward. The urgency of the upward movement will continue as long as the price is above the Ichimoku cloud.
The MACD histogram is in the positive zone. The price is rising.
Trading recommendations GBP / USD
There is a possibility of growth to the level of 1.4670. It is not excluded bearish correction. In this scenario, the level of 1.4560 will be the first target on the way down.
Source Fort Financial Services