Overview pound dollar on 03/22/2016
Sterling fell against the US dollar. Earlier, after the release of the quarterly bulletin of the Central Bank of English, quotes received support. The regulator has given considerable attention to China. The Bank believes that the British economy threaten to minor risks by reducing the growth in China, and China's GDP decline of 1% would reduce the British economy by only 0.1%. Although the central bank at the same time admitted that waiting for further decline in the growth of China's GDP.
The tool tries to grow, but the quotations failed to consolidate above 1.4480. On the reduction of support 1.4400 was broken.
In the area of 1.4320 is the first support below - 1.4240. In the area of 1.4400 is the first resistance, above - 1.4480.
A buy signal is strong and confirmed. Price is above the Ichimoku cloud and Chinkou-Span is below the price level. Tenkan-sen and Kijun-sen demonstrate horizontal movement. 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.
Round stamp 1.4400 is seen as the first resistance. In case of breaking the bullish movement direction will continue to 1.4480.
Analysis of Fort Financial Services