FX.co ★ GBP/USD - Sell Now for August 09, 2013 (daily strategy)

The British Pound, a few weeks ago was operating below 1.50, sentenced to be below 1.50, but managed to recover until this hour, and while its upward rally slows, still remains in an uptrend given if you look at the momentum indicator is in positive zone and above the MACD, which break the line, will be a clear signal of a downtrend for the British currency, the bullish scenario, only change, the breakdown of 1.5485, first support relevant, aiming to fractal nearest of 1.5331, and further down to the level of 1.5082. Therefore, we recommend you sell below 1.5533.

If you need personal consultation, Skype: gerardofx or contact me via e-mail: gerardo.porras@analytics.instaforex.com