GBP/USD
The pound continues showing weakness against the dollar, though in the last two trading days the pair appears to have stabilized after running up against the powerful support level around 1.5400, stemming from the combination of the pair's 200-day moving average and the Fibonacci level, which, between them, have succeeded in braking the sharp decline that had been typical of the couple during the last week and a half.
In most cases, a 200-day moving average forms a bottom when a pair is not able to breach it. Adding the relatively positive sentiment on the financial market and the strong positive deviation of the MACD indicator forms a buy opportunity on the pair on a relatively low price due to the positive market atmosphere. It is possible to enter a buy deal on the present prices with two exit goals, the first at 1.5560 and the second at 1.5780 United States dollars for one British pound.
