Fort Financial Services - Analytics

    Fort Financial Services

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    GBP/USD (a 4-hour chart)

    GBP/USD (a 4-hour chart)

    General overview

    According to Janet Yellen (the head of the Federal Reserve) if the UK leaves the EU that can cause significant economical circumstances.

    Current situation

    The pair tried to break the level 1.4400 but failed and remained in a short range 1.4400 – 1.4480. Traders seem to take a pause after the last week decrease. The resistance is at the level of 1.4480, the support is at 1.4400.

    MACD indicator is in a negative area, its signal line is below a histogram. MACD kept growing. RSI is in a neutral zone giving no signal.

    Trading recommendations

    We suppose the growth will be continued now. The first target is the level 1.4480, the next one is 1.4560.

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