GBPUSD analysis for 17.05.2017

The Great Britain is publishing Unemployment Rate and Claimant Count Change which both will influence GBPUSD. The support rests at 1.28880 with resistance at 1.29420 which the weekly pivot point at 1.29040 is located in between the lines. The EMA of 10 is moving with bullish bias along the ascendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is moving horizontally on the 50 level, the Stochastic is moving in middle ranges and MACD indicator is in negative territory. The ADX is showing buy signals. GBPUSD has already created the bearish candle; short positions are recommended targeting 1.285. https://fxglory.com/gbpusd-analysis-for-17-05-2017/