FX.co ★ The correction of the Pound is limited

GBP / USD

On Monday, the British pound was denied by 17 points under the pressure of the old. Against the backdrop of the dollar, the pound did not attack the strong support of 1.3203 / 10. This morning, the British currency.

There is no scheduled data in the UK today. While in the US, new bookmarks for May will be released and the growth is predicted from 1.29 million to 1.31 million. A revival in the dollar market may occur, if the pound will be fixed under 1.3203 which may cause increased interest. The investors' expectations of the neutral-predictable meeting of the Bank of England. We are waiting for the pound to fall to this level. The maximum possible growth rate is 1.3362, where the price will be set on June 16th.

On the 4-hour chart, the situation appears to be neutral. The price is under the blue moving average line (trend line), and the Marlin oscillator still shows negative values (-0.0004).

* The presented market analysis is informative and does not constitute a guide to the transaction.