Forecast GBP / USD on 05.06.2016
In yesterday's trading forex pressure on GBP britnatsa continued. The April value of business activity in the UK services sector expected to see a decrease to 53.5 from 53.7 in March, on the fact of the decline was 52.3. In America, the most important news came only a report on changes in the number of applications for unemployment benefits last week (274 thousand. Vs. 260 thousand.).
British Quotations paired with the greenback remained under pressure and the pair dropped below 1.4560 mark.The price reached a week minimum in the 1.4480 support. Later, the course was able to briefly regain some of the losses, and to the close of trading the Briton fell back to 1.4480 support, which closed bids below. In the area of 1.4400 is the first support below - 1.4320. In the area of 1.4480 is the first resistance, above - 1.4560.
Price is located in the Ichimoku cloud and Chinkou-Span is below the price level. Tenkan-sen shows the downward movement and the Kijun-sen - the horizontal, and form "Dead Cross".
Histogram MACD is in the negative zone. Price reduced.
Trading recommendations GBP / USD
Opening shortovaya position with the first goal at 1.4400 on GBP remain relevant. Loss of 1.4400 would allow to continue to fall to 1.4320.
Source Fort Financial Services