Forecast for GBP / USD pair as of September 10, 2018

The British pound is preparing for a medium-term decline, but these are only plans. In the first half of the Friday, the pound sterling grew by 100 points, but with the release of the excellent data on the US labor market.

GBP / USD pair

In the first half of Friday, the pound grew 100 points. But with the release of excellent data on the US labor market, it turned down and closed the day, down by 14 points. Since the opening of the Monday session, the price has remained under the downward trend line of the price channel and the indicator line of the balance (red). But over the past week, Marlin has strengthened in an upward trend, according to the oscillator. To change this trend, the price should be fixed below the MACD trend line (1.2805).

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On the H4 chart, the downward trend is also not fixed as the price only tries to go under the balance indicator lines of MACD and only approached the signal line the Marlin. However, it has not yet gone under the zero line. In general, the price is at once at the indicator line on two timeframe, which indicates the neutrality of the situation. Today or tomorrow, this balance will be broken.

The material has been provided by InstaForex Company - www.instaforex.com