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Main » 2016 » May » 25 » Pound Dollar (GBPUSD) forex trading forecast for today 25/05/2016
Pound Dollar (GBPUSD) forex trading forecast for today 25/05/2016



Yesterday, the main event for the pound became a data input by the British Parliament inflation. CPI a key indicator for the Bank of Albion. Since the last meeting of the British regulator yield ten-year government bonds, reflecting the inflation expectations of investors, increased by 5 bases. points. However, risks remain associated with the forthcoming referendum on the "brekzitu".





The British tried to gain a foothold against the dollar from the level of 1.4480. The price has risen above the level of 1.4560. 
The first support at 1.4560, below - 1.4480. The first resistance at around 1.4670, above - 1.4760.

The signal to buy the pair pound dollar is strong and confirmed. Price is above the Ichimoku cloud and above the line Chinkou-Span. Tenkan-sen shows the horizontal movement and the Kijun-sen -voskhodyaschee, and form "Dead Cross". The urgency of the upward movement will continue until the price of the Ichimoku cloud.

The MACD histogram is in the positive zone. The price is rising.

Trading recommendations pound dollar GBP / USD
order position continued growth of quotations required return above 1.4670 with a further target with 1.4760.



Source  Fort Financial Services

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