Yesterday the British pound retreated to the US dollar, despite the publication of inflation data exceeded growth forecasts.
On Tuesday, the pound continued to show weakness. Technically, the pair continued trading in the bearish mood on the 4-hour chart. Resistance is located at 1.3300, support - at 1.3100.
MACD is in the negative zone. Histogram indicator decreased, indicating that the increase in sellers' positions.RSI approached the oversold zone and is giving a sell signal.
On the 4-hour chart, the price rebounded from the 100-EMA, has broken through the 50, the EMA and continued to decline. Moving averages (50, 100 and 200) are directed downwards.
P Projection of the GBP / USD today
In a couple of honey stored vezhi mood. If the price again attempt to break the mark 1.3100, the pound may fall to around 1.2700.
Based on materials from Fort Financial Services