Forecast for GBP / USD pair on April 18, 2019

GBP / USD pair

The British pound fell by only 7 points yesterday, which was supported by a slight optimism for the euro in other neutral conditions. The price was fixed below the MACD line of the day and four-hour timeframes. On both charts, the price is also below the balance line. The Oscillator marlin on the daily and H4 indicates a decrease in the trend. The pound "sat down on the track" at the lower boundary of the price range at 1.3030-1.3135. The breakdown of the range opens the way to 1.2840 directed to the nested line of the older timeframe of the price channel. The reason for the expected breakthrough can serve as the basis of the data on the US retail sales for March, the forecast for which suggests an increase of 0.7% (base index) and 0.9% (total).

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