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Main » 2016 » April » 26 » Forex. Forecast GBP / USD GBP / USD on 26.04.2016
Forex. Forecast GBP / USD GBP / USD on 26.04.2016

Forecast GBP / USD 26.04.2016

After the US president, Barack Obama, has stated in a speech warning that Britain's exit from the EU, the UK is losing chances for a speedy conclusion of a trade agreement with the United States, the pound was up. It should be noted that among the major British release this week will be published. a preliminary estimate of GDP growth will be presented in the first quarter.






The tool significantly potyazhelel. Quotes resumed growth and were able to break through the psychological level of 1.4400. Later sterling partially corrected. Repulsed from the 1.4400 level up, the price broke the resistance 1.4480.

In the area of ​​1.4480 is the first support below - 1.4400. In the area of ​​1.4560 is the first resistance, above - 1.4650.

A buy signal is strong and confirmed. Price is above the Ichimoku cloud and Chinkou-Span is below the price level. Tenkan-sen and Kijun-sen demonstrate horizontal movement. 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
There are prospects for the development of the northern movement soon. In this case, Target will be the levels 1.4560 and 1.4640.


Source  Fort Financial Services




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