GBP/USD (a 4-hour chart)
The UK National Statistics published the trade balance report. The
The strong resistance level short-term of 1.4920 testing was followed by the price rebound downwards. The price broke through the support level of 1.4800 amid the low volume.
The price is finding the first support at 1.4650, the next one is 1.4500. The price is finding the first resistance at 1.4800, the next one is at 1.4920.
There is a confirmed and a strong sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen and the Kijun-sen show a downward movement. The downward movement will be until the price is under the Cloud.
The MACD histogram is in a negative territory. The price is falling
After the trend line 1.4650 breakthrough down the way to the support 1.4500 will be opened.