Forex

On the hour chart the descending wedge was generated. Last two hours pass the auctions near the top line of a wedge, and as near strong level of the resistance 1.8400 which breakdown can serve as a good signal to break of the British pound. Otherwise descending movement will proceed.

Histogram MACD is in a negative zone and specifies in possible growth of pound/dollar. Sliding averages 34, 55, 89 and 144 are directed downwards and are strong levels of resistance 1.8400, 1.8440 and 1.8530.

Resistance levels: 1.8400, 1.8420, 1.8440, 1.8470, 1.8500, 1.8530, 1.8580 1.8600/10

Current price: 1.8380

Support levels: 1.8330 1.8310/00, 1.8260, 1.8240 1.8210/00, 1.8170, 1.8140, 1.8100