FOREX Trading Signal: GBP/USD Today on 19th May

GBP/USD Trend Today

Quotes performed reversal in favor of the U.S. dollar and began the process of falling in the direction of the correctional level 100.0% - 1.6319. Emerging divergence in none of the indicator is not visible. Rebound of the pair on the level of 100.0% correction will allow traders to count on a turn in favor of the British currency and some growth in the direction of 161.8% Fib level - 1.7250. Securing the pair below the level of 100.0% correction will increase the likelihood of continuing drop in prices towards the next correction level 76.4%- 1.5968.

Couple on the 4-hour chart has formed a bullish divergence, but her last low passed and she canceled, but the couple still performed a U-turn in favor of the British pound and the beginning of growth in the direction of correction level 261.8% - 1.7289. Emerging divergence is observed. Securing of the pair on May 19 under the level of 200.0% correction would allow to expect further drop in prices in the direction of the correctional level 161.8% - 1.6336.

GBP/USD Trend Today: Divergence Analysis

Pair performed a U-turn in favor of the U.S. dollar and the beginning of a drop in prices, the peak bearish divergence has not been overcome. As a result, a drop in prices continues in the direction of the correctional level 100.0%- 1.6319. Rebound rate of 100.0% correction level will allow traders to count on a turn in favor of a pair of British pound and some growth in the direction of 161.8% Fib level- 1.7250. Securing quotes below the level of 100.0% correction would allow to expect a continued fall in the direction of the correctional level of 76.4% - 1.5968. 

After formation of the bearish divergence on the 4 hour chart the pair continues to fall in the direction of correction level 100.0%- 1.6340. Bearish divergence of the indicator MACD: last peak quotations turned higher than the previous peak and a similar indicator-below the previous. If the pair will take a peak of divergence, it will be canceled, and price growth to continue in the direction of the correctional level 161.8 %- 1.7268. Securing rate below the 100.0 % Fib increase the likelihood of further drop in prices towards the next level of correction.

FOREX Signals For Today: EUR/USD, GBP/USD Trend

FOREX Market Trend Today:

For the EUR / USD continued upward movement forward after the break 1.3700. The pair USD / CHF down movement forward after the break 0.8928 . For the GBP / USD January 24, formed the potential for downward movement. The pair dollar/yen watching the falling structure formation from January 23. For the euro / yen reversed the upward price structure and here we are watching the small local downward cycle of 23 January . For the pound / yen continued downward movement forward after the breakdown of 167.42.

FOREX Signal For EUR/USD:

For the euro/dollar important levels are 1.3756, 1.3699, 1.3629 and 1.3589. Here goals remain unchanged and we will continue to monitor the development of the rising structure from January 20. Continue upward movement forward after the break 1.3699, in this case the target- 1.3717 in the corridor 1.3717-1.3731 price consolidation. Potential value for the top level of 1.3756 believe, going to expect that after the breakdown of 1.3731.

Short-term downward movement is possible in the corridor 1.3661-1.3648, break of the latter will lead to a deeper movement, the goal here- 1.3629, from this level a key reversal up his pass price will favor the downward movement, in this case the target- 1.3589.

GBP/USD Signal:

For the GBP/USD key levels are 1.6658, 1.6519, 1.6335 and 1.6279. Here January 24, formed the potential for downward movement. Short-term downward movement forward in the corridor 1.6472-1.6434, break of the latter must be accompanied by a pronounced downward movement, the goal here  1.6364 , 1.6364 in the hallway- 1.6335 price consolidation. Potential value for the low level of 1.6279 believe at which pullback up. Short-term upward movement is possible in the corridor 1.6519-1.6543, break of the latter will lead to a deeper correction, the goal here- 1.6593, from this level a key reversal bottom, its passage costs will favor the rising structure, in this case the first target- 1.6658.