The British currency on Thursday in high demand in connection with the treatment of investors to take risks. In US currency pressure has inaction shtatovskih regulator.
The pair continued recovery in trading Thursday. Price grew for the second straight session. Buyers were able to raise prices above the level of 1.3000. Rally stopped in the area of 1.3100, where the pound met strong resistance. Sterling tested the downward-50 EMA and bounced back. 50 EMA 100 EMA and the 200 EMA preserved bearish bias. Resistance is located at 1.3100, support - at 1.3000.
The MACD is in the negative zone. Histogram increased, indicating attenuation sellers positions. RSI rebounded from oversold area.
Forecast GBP / USD
uptrend resumes when the pair rises above 1.3100 resistance. Movement below 1.3000 will support the resumption of the bearish trend
Based on materials from Fort Financial Services