FX.co ★ Trading recommendations for the GBP / USD currency pair on June 21, 2018

Yesterday, the currency pair Pound / Dollar managed to go to the stage of rollback to the recently passed level of 1.3200, a rollback, frankly, we needed for a more confident move. On the current day, we already see a fixation below the value of 1.3140, and previously set forecasts did not change, we are still in business! What did we hear yesterday at the speeches of the heads of the Fed and the ECB?

Fed Chairman Jerome Powell does not deny further interest rate hikes.

ECB President Mario Draghi concluded his three-day speech, we did not hear anything new. In fact, at the first performance, everything was already said, the quantitative easing was extended and the end is still far away, the interest rate behind the mountains.

Verdict: The news background did not affect the volatility in any way, and everyone just sat out.

Further development

At the moment, there is a fixation below the value of 1.3140, which was previously designated as a temporary support for regrouping forces. Today, we have news from the UK, where the Bank of England will not do anything, the interest rate will be unchanged, thus the dollar again in priority. My vision has not changed, we stand for sale, an estimated reduction in the psychological range of 1.3000 (1.3000 / 1.3050), and already there, we will evaluate further actions in the form of correction or stagnation.

Indicator analysis

Analyzing the different sector of timeframes (TF), we see that the indicator analysis in one voice says - ACTIVE SELL, which once again confirms all of the above.

Key Levels

Resistance zones: 1.3200; 1,3300 *; 1.3440 **

Support zones: 1.3000 ** (1.3000 / 1.3050)

* Periodic level

** Range level