Britain's currency has lost leadership in tandem with the US dollar, after it became known that the UK industrial production fell in July, exceeding forecasts.
At yesterday's auction showed pound rally against the dollar. Today, sterling came under pressure wasps hand the new wave of sales. The pair retreated from recent highs and is testing 1.3360 support. Moving averages are 50, 100 and 200 remain bullish bias. 50-EMA-EMA 200 intersects the upstream signal which is to shopping. Resistance is located at 1.3500, support - at 1.3360.
MACD shows the divergence on the hourly chart. RSI is in the overbought zone.
Forecast GBP / USD
Attention is directed traders to support level 1.3360. If this level is broken, the pair GBP / USD will drop again.Target sellers will be 1.3270 and 1.3200 levels. The pound continued its upward movement, if the price breaks the level of 1.3440. Resistance 1.3500 is next target buyers.
Based on materials from Fort Financial Services