20 august, 11:15 GBP/USD. The technical analysis of the forex market
On the hour chart the short-term descending trading corridor remains. Last two sessions it was possible to observe testing resistance level 1.8675 which and has not been break that specifies in weakness of bulls and remaining bear moods in the forex market on given currency pair. Histogram MACD has decreased in a negative zone and as submits signals about possible decrease in the British pound in relation to the American dollar.
In the circumstances is better to wait breakdown support level 1.8520/00 which considerably will strengthen the bear moods. In that case the possible purposes of bears in short-term prospect will be located on 1.8450/40, 1.8400 and 1.8350.
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