GBP/USD forecast for June 08, 2015

June 8, 2015

General overview

The monetary policy committee kept the asset purchases program in the amount of 375 billion pounds. The fall in consumer prices by 0.1% on an annualized ratio revived fears among investors about the Europe's third largest economy deflation. In these circumstances, we do not count on the monetary policy change and the interest rates raising before 2016.

The whole week the British pound was correcting against the US dollar towards the upward channel. The resistance level of 1.5350 was broken through.

The price is finding the first support at 1.5200, the next one is 1.5100. The price is finding the first resistance at 1.5390, the next one is at 1.5460.

The price is below the Cloud and it is below the Chinkou Span. The Kijun-sen shows a horizontal movement, the Tenkan-sen is directed downwards.

The MACD histogram is in a neutral territory. The price is decreasing.

Trading recommendations

We believe the falling will be continued. The price will fall towards 1.5100 soon.

Publication source
Fort Financial Services information  Fort Financial Services reviews

October 21, 2016
US Presidential Election: Final Debate Aftermath
With the dust having settled after Wednesday final US presidential debate of the 2016 campaign between Donald Trump and Hillary Clinton, the results have become rather apparent...
October 20, 2016
Doting on Draghi
The ECB meeting arrives today when EURUSD is testing key levels. The mid-year lows at 1.0952 is perilously close as I write, whilst the post-Brexit referendum low of 1.0913 being in the frame after that. It’s hard to see the ECB adding to its quantitative easing policy...
October 19, 2016
A bullish presence on the market
The Dollar upturn seen in the recent weeks that was influenced by the firm belief in a rate hike of December fizzles out, after Yellen’s speech and the downbeat US inflation and manufacturing data...

Grand Capital Rating
FXCM Rating
Larson&Holz IT Ltd Rating
Fort Financial Services Rating
HotForex Rating
FxPro Rating

365BinaryOption Rating
Binary Brokerz Rating
TopOption Rating
Empire Option Rating
OptionBit Rating
OptionRally Rating