GBPUSD analysis for 02.05.2017

The Great Britain is releasing Markit/CIPS Manufacturing PMI. The support rests at 1.28430 with resistance at 1.29050 which the weekly pivot point at 1.2893 is located in between the lines. The EMA of 10 is moving with bearish bias but it is above the EMA of 200 and the EMA of 100. The RSI is moving horizontally on the 50 level, the Stochastic is moving in low ranges and MACD indicator is in positive territory. The ADX is showing sell signals. Short positions are recommended targeting 1.2800. https://fxglory.com/gbpusd-analysis-for-02-05-2017/