Currency pair GBP / USD has ignored the data on the labor market in the US, and not take into account changes in the oil market. Quotes tool rolled back, which was the result of fixing the short positions ahead of the release of the publication of the number of requests for unemployment benefits, as well as on import prices report. Further dynamics of the pair will help determine data on US retail sales sector.
The pair remains in the "red" zone. On Thursday, traders have reduced the price. The pound is trading above $ 1.2900. Resistance is located at 1.3100, support - at 1.2900.
MACD is in the negative zone. Histogram has declined, indicating that sellers gain positions. RSI approached the oversold zone.
On the 4-hour chart, the tool remains below the 50 EMA, which has continued to decline. All the moving averages are pointing downwards.
Forecast GBP / USD
Pair GBP / USD remains under pressure. We can expect further reduction in prices with Target at levels 1.2900 and 1.2700
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