GBPUSD analysis for 28.07.2016

Despite the positive GDP for the second quarter, Pound fell yesterday. However it received some support from the news in the US. The support rests at 1.31790 with resistance at 1.3273 which both lines are above the weekly pivot point at 1.31610. The EMA of 10 is moving with bullish bias towards the EMA of 100. The RSI is falling down and has reached the 50 level, the MACD indicator is in neutral zone and the Stochastic is showing downward momentum. It seems that the 1.31 area is a strong support area for this pair at the moment. The pair is growing towards 1.3300.

https://fxglory.com/gbpusd-analysis-for-28-07-2016/