The upward trend is preserved, and the exchange rate has found strong support at 1.6625.Exchange rate still is above the moving averages with periods of 34, 55, 89 and 144, which are directed upward and points to the continued bullish sentiment, as well as the next support levels are 1.6550, 1.6465, 1.6410/00 and 1.6310/00.MACD histogram is located in the positive zone, intersected with its signal line and is not currently send a clear signal.
Stochastic Oscillator is in the neutral zone and just does not generate clear signals.
Despite the absence of clear signals, we expect that forex traders will take advantage of a favorable moment to buy GBP / USD after the rollback, resulting in the exchange rate went to a retest of the local max 1.6745.
Resistance levels: 1.6670, 1.6700/10, 1.6745, 1.6770, 1.6800/10
Current Price: 1.6656
Support levels: 1.6650, 1.6625, 1.6590, 1.6550, 1.6510/00, 1.6465
