The pound sterling rose for the fourth consecutive day to break the 1.54 level, amid GDP data from the UK and the German IFO, marking the business climate in the country, and that in both cases, threw figures according to what had been predicted, but failed to overcome that area again. Now the rate is below the 1.5334 fractal daily, adding the chances of a downward movement, which could lead it to the nearest area of 1.5082 fractal. Therefore, we recommend selling below 1.5334 fractal also the MACD indicator is showing bearish signal which is already confirmed.
If you need personal consultation, Skype: gerardofx or contact me via e-mail: gerardo.porras@analytics.instaforex.com
