GBPUSD analysis for 22.11.2016

While GBP is staying neutral, the USD is being supported after the Trump’s election. The support rests at 1.24660 with resistance at 1.25130 which both lines are above the weekly pivot point at 1.24130. The EMA of 10 is moving bullish bias and it is below the EMA of 200 and above the EMA of 100. The RSI is falling towards the 50 level, the Stochastic is moving in high ranges and the MACD indicator is in neutral territory. The ADX is not showing any clear signal. The bearish trend seems to be strong therefore sellers can target 1.2200.

https://fxglory.com/gbpusd-analysis-for-22-11-2016/