FX.co ★ GBP/USD: sell bellow 1.56 - daily strategy for May 09, 2013

This morning the British pound fell after the monetary policy announcement of the Bank of England, although it gave a little boost that could not break the 1.56 area. Again, as we were saying these days, this pair has trouble trading above this level. Taking this into account, perhaps now we can go short, or wait for a rebound towards the weekly pivot line. Sell at the levels 1.5550 with a first target at 1.5283. On the other hand, the momentum indicator is showing an imminent fall of the pair for the next few days.

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