Currency Britain retreated from the highs after the release of weak statistics on the volume of production in the manufacturing industry: decline of minus 0.9% in July against the forecast of decline to minus 0.2%. A pair GBP / USD also crippled soft BoE comments head Mark Carney regarding monetary policy.
Bullish sentiment, which began to prevail in the middle of August, remain. Pair GBP / USD uplink is near its lower limit. Now the price has come under the influence of sellers who are pulling the tool towards the 1.3200 level. On the hourly chart the price has broken through the 50-EMA up, bounced off the 100 EMA and returned to the 50 EMA. All the moving averages are pointing upwards. Resistance is located at 1.3360, support - at 1.3200.
MACD is in the positive zone. MACD has decreased, which indicates a weakening of customer positions. RSI is moving towards oversold zone.
Forecast GBP / USD
If the GBP / USD pair will overcome the level of 1.3360, the price could rise to a ruglomu level of 1.3400. Mark 1.3400 will be the next target with buyers. In case of a negative scenario, users can send the price to 1.3260 area.
Research Fort Financial Services