Wednesday, October 25, 2017

GBPUSD analysis for 25.10.2017

GBP is under pressure because of the issues about Brexit and today the UK advance GDP data will have a great influence on GBPUSD. The support rests at 1.30810 with resistance at 1.31630 which both lines are below the weekly pivot point at 1.31940. The EMA of 10 is moving with bearish bias in the descendant channel and it is below the EMA of 200 and the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is moving in low ranges and the MACD indicator is in negative territory. The ADX is not showing any clear signals. GBPUSD will be fluctuating within 1.31 and 1.32 area.

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