FX.co ★ GBP/USD - Bearish outlook - for April 26, 2013 (daily strategy)

The pound is optimistic with GDP of 0.3% in the quarter. Analyzing the technical chart I have no reason to believe that the pound will rise again, probably the increase of a few pips above but prolonged fall is expected to the 1.50 level, because the indicator is currently in negative zone and the moving average of the MACD is already very overbought, suggesting a decrease in the coming days. Therefore, it is recommended to sale at current price level 1.5485 or if the pair reaches the region of 1.55, the psychological level, we can sell this pair with targets 1.5280.

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