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

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