2011-11-18 10:34:00
At the Forex currency market the British Pound Sterling rate is traded slightly upward on Friday as external background has stabilized at the end of the week and new grounds for sales have not turned up.

Forex forecast: MACD indicator for the pair GBP/USD is traded in the positive area; it started to descend moderately and is ready to shift to sideways movement, not giving a clear signal. Stochastic Oscillator remains in the oversold zone, maintaining a sell signal.

Forex recommendations: in case of break down at the level of 1.5790, target for the buying as part of rebound will be the levels of 1.5800 and 1.5820. If upward breakdown does not take place, the pair will descend again at around 1.5720.