The currency pair Pound to US Dollar GBP/USD is trading near the level of 1.2450. The pair continues to move within the upward trend due to the intersection of moving averages at 1.2220. However, the current trend shows weakness due to the breakdown of the slow sliding closing prices and there is a potential to see a change in the trend over the pair.
GBP/USD Technical analysis on April 5, 2017
The values of the MACD indicator are decreasing and at the moment there are no signals in favor of forming a divergence. It is worth to expect an attempt to test the area of moving averages near the level of 1.2500 and continue falling quotations of the pair Pound Dollar in the area below the level of 1.2300. The cancellation of the variant of falling quotations of the GBP/USD currency pair will result in a strong growth and breakdown of the region of 1.2550, which will indicate the continuation of the pair growth.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
