Technical Analysis Report - GBP/USD
12/08/2016 // 06:27:04 am
The currency pair, GBP/USD was unaffected by the U.S labour market data and oil prices growth. It appears that the attention of the investors is beamed onto the retail sales and consumer sentiment releases which may determine its further movement.
The pair remained in negative zone. Traders strived to descend the price on Thursday.
MACD remained in the negative zone. The decrease in MACD indicates the strength of the sellers. RSI moves closer to the oversold area.
The 4-hours chart displays that the instrument remained below the bearish 50-EMA which extended its decline. The 50, 100 and 200 Day EMAs are heading lower.
The GBP/USD remained under pressure. The currency pair is expected to fall to th level of 1.2900 and further out to 1.2700.
29/09/2016 // 07:44:21 am
Pound was weighed by Shafik’s dovish comments (the BOE deputy) as
29/09/2016 // 07:41:12 am
On wednesday, the US currency dollar rose because of profit fixati
27/09/2016 // 10:33:13 am
The dollar remained under pressure against its major rivals as stocks