Technical Analysis GBP

The estimated test of key resistance range levels for implementation of pre-planned short positions has not been confirmed, but at the same time anticipated rate fall did not show signs of definite choice of planning priorities for today. Hence and considering both side activity parity and considering upside indicator trend we cam assume probability of rate return to “1” channel reference point and to close border of Ichimoku cloud contained in 1,6460/1,6500 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 1,6380/1,6400, 1,6280/1,6320, 1,6200/20 and (or) further break-out variant up to 1,6140/60, 1,6080/1,6100, 1,6000/20. The alternative for buyers will be above 1,6560 with targets of 1,6600/20, 1,6680/1,6720.