Forecast by Marius Ghisea- GBP/USD (May 9-13)

The GBP/USD currency pair may continue the downtrend below EMA 50 (1.4374) in the medium long term. According to the daily chart, the MACD is already negative. This pair may fall until 1.4050 and a new triangle will be formed in the medium long term.GBPUSDdaily-page-001

The downtrend is indicated also on the 8 hour chart. The price has reached EMA 200 (1.4386) and this is a confirmation of downtrend. The price of GBP/USD may rise in the short term, but it will fall in the medium term.

GBPUSD-page-001H8

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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