The currency pair British Pound to US Dollar GBP/USD is trading near the level of 1.0651. The pair continues to move within the upward trend due to the intersection of moving averages at 1.2460. The values of the MACD indicator are growing and at the moment there is the potential for forming a divergence in the sale of the pound against the dollar, which will indicate a fall in the pair’s quotations to the area below the level of 1.25.
Technical analysis GBP/USD on April 18, 2017
In favor of the decline is also the proximity of the downward resistance line on the MACD indicator. It is worth waiting for an attempt to complete the pair’s quotes near the level of 1.26 and start the decline in the area between the moving averages. Consider selling is worth the output of the signal line from the histogram area on the MACD indicator. The reversal of the GBP/USD fall will be a strong growth and breakdown of the 1.27 area, which will indicate the withdrawal of the divergence signal, as well as the breakdown of the downward resistance line on the indicator.
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