GBP / USD negative movement in force, a break below 1.5129 will give a signal to sell
GBP / USD maintained its negative movement, despite short-term growth.
Double top around the resistance levels and passing the price below 1.5150, which shows us the likely new bearish momentum.
No rush to sell now, only after a signal from CCI (50) when you go below 0. Then we will have a price below the moving average and the formation of negative indicators, which will confirm shorts.
Yesterday's Fed report shows that the central bank is not worried by the slowdown in the global economy. They mentioned the positive aspects of the US economy and expectations that inflation would return about estimates. This supports the dollar, which may continue to appreciate.
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.