Bonds Market. The 10-year UK government bonds yield decreased which lessen the investments of the British assets. The UK presented Consumer Price index for April wherein the data came in at 0,3% y/y against the report of 0,5% y/y.
The first support occurs at 1.4400 and at 1.4320 subsequently. The first resistance stands at 1.4480 and at 1.4560 subsequently.
The price is in the Ichimoku Cloud and it is below the Chikou Span. The Tenkan-sen and the Kijun-sen form a horizontal movement creating a "Dead Cross".
The MACD indicator is in an impartial location. The price is correcting.