GBP/USD (a 4-hour chart)
The Attorney General of the United Kingdom accuses Tom Hayes, a former UBS trader by manipulating interest rates.
Hayes, who is only thirty-three years, was arrested by the police because of a major fraud in December last year, together with two other traders. It is represented by the UK authorities as the key figure from Japan to the United States. It was accused by the prosecution of the United States of America last year.
The authorities today tried to identify people who were on conspiracy for several years in order to manipulate the London Interbank Offered Rate (Libor) - which affect the trillions of U.S. dollars in the form of various mortgages and other loans throughout the world.
Tenkan and Kijun are going down, if the lines cross each other they may form a "dead cross".
Ichimoku Cloud is growing. A short-term support can be expected at Kijun-Sen.
Bollinger Bands show a continuation of the upward movement. Its bands are narrowing.
MACD is going down.
The pair was recovering from the fall after the Central Bank of England protocols were published. It is currently engaged in testing bullish offers near 1.5670. Still we believe that a return to growth will not happen soon.
The pound was unable to consolidate above 1.5770, we expect the development of a correction now. The pair is overbought and may fall to