On the day chart the intermediate term descending price range remains. The British pound slowly, but confidently continues to decrease. The price chart is still located below sliding averages 21, 34 and 55 which are directed downwards and specify in remaining bear moods in the market. Histogram MACD is located in a negative zone, decreases and as specifies in possible continuation of descending movement.
On 4 hour chart it is well visible, as once again the British pound tries to break level of support 1.4130/00 and in a case if to bears it manages to be made, it will be possible to expect the further decrease in pound/dollar to level 1.4020/00.
As well as on the day chart price schedule is located below sliding averages 21 and 34 which are directed downwards and specify in remaining bear moods. Histogram MACD is located in a negative zone and specifies in possible decrease pound dollar.
In the present state of affairs to traders is better to observe specified level 1.4130/00 and in case of breakdown or a release from it to make decisions on new orders opening. Priority there is "a bear scenario".
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