Forex

 In the end of Friday trading day on August, 22nd bears managed to break level of support 1.8530, thus quotations left their price range 1.8530-1.8720 in which there were more weeks. We will remind that it is level already it was tested earlier 15, on August, 19th and 20. Today at the Asian session descending movement has proceeded, and the British pound has fallen in price in relation to the American dollar more than on 100 points. In the end of the Asian quotation session have reached a two-year minimum located near level 1.8400. Sliding average 34 is directed downwards and specifies in the bear spirit of the market. Histogram MACD is in a negative zone and specifies in possible correction after prompt decrease in pound/dollar.

 It is necessary to notice that at traders reference points on sale on given currency pair remain. Opening of new orders is better to make in a release case from more low specified levels of resistance.

 The possible purposes of bears - 1.8320/00 and 1.8130.

 Resistance levels: 1.8470, 1.8500 1.8540/50, 1.8575, 1.8600

 Current price: 1.8438

 Support levels: 1.8425, 1.8400, 1.8360, 1.8320, 1.8300