By the end of the trading currency of England lost its position conquered in the first half of the session. Pressure on the pound sterling has uncertainty associated with delayed initiation Brekzit procedure.
Pound remains under pressure, sterling continued to fall to 31-year lows. Traders have lowered the tool below 1.2900. Resistance is located at 1.2900, support - at 1.2700.
MACD and RSI indicators have not changed and continue to shape a sell signal.
On the 4-hour chart, the price has moved away from the moving averages (50, 100 and 200) which are directed downward. Moving averages form a sell signal.
Forecast GBP / USD
As the pair remains bearish mood. In the case of the breakdown level of 1.2900, the downward movement may continue for the purpose at the level of 1.2700.
Forecast Fort Financial Services