From a specialized point of view, the medium-term slide hauled the pair back underneath the significant 200-day SMA and thus, a finish offering can possibly keep applying some descending weight. The slide could get stretched out towards testing sub-1.2900 dimension – bolster set apart by a 1-1/2-month-old slipping pattern line opposition break-point. Inability to protect the referenced opposition turned help may discredit any close term positive predisposition and turn the pair defenseless against broaden the destruction further towards testing the 1.2790 round figure mark.
On the other side, the key 1.30 mental imprint currently ends up quick solid obstruction, which whenever cleared may help the pair to make a new endeavor towards clearing the 1.3040-50 supply zone. A supported move past the referenced boundary may trigger a short-covering move and lift the pair further towards recovering the 1.3110 round figure mark on the way the ongoing swing highs around the 1.3170 region.
GBP/USD, Daily Forex Signals,May 14:
PENDING ORDER BUY GBP/USD @ 1.2965 SL: 1.2948 TP1: 1.2980 TP2: 1.2995 TP3: 1.3010
PENDING ORDER SELL GBP/USD @ 1.2943 SL: 1.2960 TP1: 1.2928 TP2: 1.2913 TP3: 1.2898