GBP / USD forecast for 05/13/2016
The main event of the day was the release of the inflation of the British regulator. As expected, the comments of the Central Bank in respect of management of economic growth and inflation were moderately negative character. By decision of the Bank of England Committee interest rate remained unchanged at 0.5%.
The tool was trading below 1.4480 and tested on reducing the level of 1.4400, and then again attempted to overcome the resistance of 1.4480. After that, the pair pulled back down.
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.
A sell signal is strong and confirmed. The price is below the Ichimoku cloud and below the line Chinkou-Span.Tenkan-sen shows the horizontal movement and the Kijun-sen -niskhodyaschee, and form a "Golden Cross". The urgency of the downward movement will continue as long as the price is below the Ichimoku cloud.
Histogram MACD is in the negative zone. Price reduced.
Trading recommendations EUR / USD
If the mark 1.4400 is broken down, the way to 1.4320 will be free.
Source Fort Financial Services