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Pound Target: 1.5645

Hourly

On Tuesday the pound/dollar was fluctuating in Monday’s range. After a growth to 1.5775, the pair returned to 1.5710. In Asia the rate of the British pound broke the trend line. For me, there’s only one way this is going: down to the 90th gradient. At 12:30 EET there’s a report on financial stability from the Bank of England coming out and M. Carney will give a speech. During that time the volatility on the pound will increase. Now to the Daily tab.

Daily

The rate of the pound/dollar is trading in Monday’s price range. A break of the 1.5661 minimum will open the road to 1.5644. This is the 38% level. If the sellers manage to pass it successfully, 1.5555 will be targeted. In this case Greece won’t matter.

Weekly

The weekly indicators are upward. With the payrolls approaching, pressure on the pound could rise.

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