GBP / USD: review and forecast traffic

Current trend

On the Pound last trading session slightly decreased
against the US dollar. Against the background of the lack of serious macroeconomic
releases and quite some growth investors decided to lock the pair
profit and close long positions. Thus, the reduction was yesterday
technical nature. Additional pressure on the exchange rate had a positive couple
Data on the number of applications for the grant of unemployment in the US. amount
applications reached 262 million,
significantly less than the expected 290,000.

Today, the economic calendar is also not rich in
macroeconomic releases. However, in the second half of the day will be released April
data on the index of business activity in the US manufacturing sector ISM.

levels of support and
resistance

At the four-graph demonstrating Bollinger
convergence, confirming the continuation of the current downward trend. bar chart
MACD is in positive territory, but the volume of her rapidly declining, that
He speaks about the rise of the influence of sellers.

resistance levels are located at elevations: 1.5360,
1.5400, 1.5440, 1.5490.

Support levels: 1.5300, 1.5270, 1.5215, 1.5170.

trading recommendations

While maintaining the current dynamics of the position may be for sale
open from the current levels with the immediate goal in the area of 1.5270. Sure
Breaks Through 1.5270 will open the way to a pair of the level of 1.5215. Talk about the continuation of
the upward movement will be possible only after the price fixates above 1.5400. at
such a scenario "bulls" will attempt to return the pair to highs
last week in the region of 1.5500.

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