Important fundamental news in trading Monday from Britain did not go. The credit market is signaling that GBP has risen very high: the yield spread widening US state. Securities and British reached a peak during the last month and a half.
Corrective downward movement of the instrument continued. Price attempted to push the support 1.4480, but closed trading above it.
In the area of 1.4480 is the first support below - 1.4400. In the area of 1.4560 is the first resistance, above - 1.4670.
A buy signal is strong and confirmed. Price is above the Ichimoku cloud and above the line Chinkou-Span.Tenkan-sen shows the downward movement and the Kijun-sen - the horizontal, and form "Dead Cross". 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 adjusted.
Trading recommendations GBP / USD
Trading on the decline since the first target 1.4400 on GBP relevant. Mark 1.4320 is seen as the second goal shortovaya positions.
Source Fort Financial Services
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